The Saleemi Corporation's $1,000 bonds pay 8 percent interest annually and have 14 years until...
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Accounting
The Saleemi Corporation's
$1,000
bonds pay
8
percent interest annually and have
14
years until maturity. You can purchase the bond for
$865.
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
11
percent?
Question content area bottom
Part 1
a.The yield to maturity on the Saleemi bonds is
enter your response here%.
(Round to two decimal places.)
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