What is the yield to maturity on bond

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Reference no: EM133115618

The Saleemi? Corporation's ?$1,000 bonds pay 9 percent interest annually and have 12 years until maturity. You can purchase the bond for ?$1,105.

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 6 ?percent?

Reference no: EM133115618

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