$($Related to Checkpoint $9\mathrm{.}2)($Yield to maturity$)$ The Saleemi Corporation's $$1,000$ bonds pay $7$ percent interest annually and have $13$ years until maturity. You can purchase the bond for $$945.$

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?

a$.$ The yield to maturity on the Saleemi bonds is $q,\%.($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. $($Select from the drop$-$down menus.$)$

greater

less