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Should purchase the bond if the yield to maturity

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Reference no: EM132825203

The Saleemi? Corporation's ?$1,000 bonds pay 8 percent interest annually and have 15 years until maturity. You can purchase the bond for ?$875.

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

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

Reference no: EM132825203

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