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What is the yield to maturity on this bond

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Question - The Saleemi Corporation's $1,000 bonds pay 7 percent interest annually and have 8 years until maturity. You can purchase the bond for $1,065. 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 7 percent?

Reference no: EM132836707

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