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What is the yield to maturity on this bond

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Reference no: EM133104586

Question - The Saleemi Corporation's $1,000 bonds pay 12 percent interest annually and have 14 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 12 percent?

Reference no: EM133104586

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