Question: Need help solving (Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 7 percent interest annually and have 11 years until

Need help solving (Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Need help solving

(Related to Checkpoint 9.2) (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 $1,125. 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 4 percent? a. The yield to maturity on the Saleemi bonds is \%. (Round to two decimal places.)

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