Question: Please round to two decimal places and bold the answer. Thank you! (Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1 ,000 bonds

Please round to two decimal places and bold the answer. Thank you!

Please round to two decimal places and bold the
(Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1 ,000 bonds pay 7 percent interest annually and have 8 years until maturity. You can purchase the bond for $1,155. 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 6 percent

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