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What is the yield to maturity on bond

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Reference no: EM133115072

The Saleemi? Corporation's ?$1,000 bonds pay 11 percent interest annually and have 11 years until maturity. You can purchase the bond for ?$1,145.

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 7 ?percent?

Reference no: EM133115072

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