Question: ( Related to Checkpoint 9 . 2 ) ( Yield to maturity ) The Saleemi Corporation's $ 1 , 0 0 0 bonds pay 1

(Related to Checkpoint 9.2)(Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 11 percent interest annually and have 15 years until maturity. You can purchase
the bond for $1,075.
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 9 percent?
a. The yield to maturity on the Saleemi bonds is
%.(Round to two decimal places.)
(Related to Checkpoint 9.2)(Yield to maturity) The Saleemi Corporation's $1,000 bonds

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