The 11​-year ​$1,000 par bonds of Vail Inc. pay 14 percent interest. The​ market's required yield to maturity on a​ comparable-risk bond is 11 percent. The current market price for the bond is $1,100.   a.  Determine the yield to maturity. b.  What is the value of the bonds to you given the yield to maturity on a​ comparable-risk bond? c.  Should you purchase the bond at the current market​ price?       Question content area bottom Part 1 a. What is your yield to maturity on the Vail bonds given the current market price of the​ bonds?   enter your response here​% ​ (Round to two decimal​ places.) Part 2 b.  What should be the value of the Vail bonds given the yield to maturity on a comparable risk​ bond?   ​$enter your response here   ​(Round to the nearest​ cent.) Part 3 c.  You ▼   should should not purchase the Vail bonds at the current market price because they are currently ▼   underpriced overpriced . ​ (Select from the​ drop-down menus.)

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