The saleemi corporations 1000 bonds pay 8 percent interest, Ask an Expert

Finance

The Saleemi Corporation's ?$1,000 bonds pay 8 percent interest annually and have 15 years until maturity. You can purchase the bond for $1,085.

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 6 percent?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92264643

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