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Determine what is the yield to maturity on the bond

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Reference no: EM132486247

(Yield to? maturity)

The Saleemi? Corporation's ?$1,000 bonds pay 12 percent interest annually and have 9 years until maturity. You can purchase the bond for ?$1,135.

Question a. What is the yield to maturity on this? bond?

Question b. Should you purchase the bond if the yield to maturity on a? comparable-risk bond is 8 ?percent?

Reference no: EM132486247

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