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What is the yield to maturity on this bond

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Reference no: EM133137343

Question - The Saleemi Corporation's $1 ,000 bonds pay 8 percent interest annually and have 13 years until maturity. You can purchase the bond for $885.

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 11 percent?

Reference no: EM133137343

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