What is the yield to maturity on bond

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a. What is the yield to maturity on this? bond? The Saleemi? Corporation's ?$1,000 bonds pay 6 percent interest annually and have 15 years until maturity. You can purchase the bond for ?$1,085.

b. Should you purchase the bond if the yield to maturity on a? comparable-risk bond is 7 ?percent?

Solve for a and b.

Reference no: EM133056658

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