(Answered) Yield to maturity the saleemi corporations 1000nbspbonds

Engineering

?(Yield to? maturity) The Saleemi? Corporation's ?$1,000 bonds pay 7 percent interest annually and have 11 years until maturity. You can purchase the bond for ?$905.

Round to nearest cent or two decimal places.

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 7 ?percent?

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