Find what is the yield to maturity on the? bond

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Reference no: EM132770333

The Saleemi? Corporation's ?$1,000 bonds pay 8 percent interest annually and have 11 years until maturity. You can purchase the bond for ?$1,125.

Problem 1: What is the yield to maturity on this? bond? (Round to two decimal? places.)

Problem 2: Should you purchase the bond if the yield to maturity on a? comparable-risk bond is 5 ?percent?

Reference no: EM132770333

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