Yield to maturity the saleemi corporations 1000 bonds pay 9, Ask an Expert

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(Yield to maturity) The Saleemi Corporation's ?$1,000 bonds pay 9 percent interest annually and have 13 years until maturity. You can purchase the bond for $ 895. 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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