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The Saleemi​ Corporation’s ​

/in /by

The Saleemi​ Corporation’s ​$1,000 bonds pay 9 percent interest annually and have 12 years until maturity. You can purchase the bond for ​$1,115

.

a.  What is the yield to maturity on this​ bond?

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b.  Should you purchase the bond if the yield to maturity on a​ comparable-risk bond is 6 percent?

 
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