(Answered) The saleemi corporations 1000nbspbonds paynbsp12nbsppercent

Finance

The Saleemi? Corporation's ?$1,000 bonds pay 12 percent interest annually and have 13 years until maturity. You can purchase the bond for ?$1,135.

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?

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