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(Related to Checkpoint 9.2)(Yield to maturity)The Saleemi Corporation's $1 comma 000 bonds pay 8 percent...

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Accounting

(Related to Checkpoint 9.2)(Yield to maturity)The Saleemi Corporation's $1 comma 000 bonds pay 8 percent interest annually and have 11 years until maturity. You can purchase the bond for $1 comma 115. 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 5 percent? a.The yield to maturity on the Saleemi bonds is nothing%. (Round to two decimal places.)

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