What is the bonds yield to maturity

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The Saleemi? Corporation's ?$1,000 bonds pay 7 percent interest annually and have 8 years until maturity. You can purchase the bond for ?$1,055.

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

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

Reference no: EM132731471

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