(Answered) The saleemi corporations 1000 bonds pay 7 percent interest

Finance

The Saleemi? Corporation's $1,000 bonds pay 7 percent interest annually and have 14 years until maturity. You can purchase the bond for $935.

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 9 percent?

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