$($Related to Checkpoint $9\mathrm{.}2)($Yield to maturity$)$ The

Saleemi Corporation's $$1,000$ bonds pay $9$ percent interest annually and

have $12$ years until maturity. You can purchase the bond for $$1,085.$

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.$)$

b$.$ You

purchase the bonds because your yield to maturity on

the Saleemi bonds is

than the one on a comparable risk bond.

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