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Find what yield to maturity on bond for saleemi? corporation

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Reference no: EM132822920

The Saleemi? Corporation's ?$1,000 bonds pay 7 percent interest annually and have 8 years until maturity. You can purchase the bond for ?$1,065.

Problem 1: What is the yield to maturity on this? bond?

Problem 2: Should you purchase the bond if the yield to maturity on a? comparable-risk bond is 7 ?percent?

Reference no: EM132822920

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