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What is the yield to maturity on bond

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Reference no: EM132679025

The Saleemi? Corporation's ?$1,000 bonds pay 8 percent interest annually and have 11 years until maturity. You can purchase the bond for ?$1,055.

What is the yield to maturity on this? bond?

Should you purchase the bond if the yield to maturity on a? comparable-risk bond is 9 ?percent?

Reference no: EM132679025

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