Yield to maturity on bond-saleemi? corporation

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The Saleemi? Corporation's ?$1,000 bonds pay 11 percent interest annually and have 14 years until maturity. You can purchase the bond for ?$955.

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 10 ?percent? (Round to two decimal? places.)

Reference no: EM132951416

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