What is the yield to maturity on bond

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Reference no: EM133061000

The Saleemi? Corporation's?$1,000bonds pay 8 percent interest annually and have 12 years until maturity. You can purchase the bond for ?$1,135.

a. What is the yield to maturity on this? bond? (round 2 decimal places)

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

Reference no: EM133061000

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