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[Floating-rate loans]

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Hi, can you please complete these problems? This will be the last problem sets. I gave you $25 because some of the problems have multiple steps. I will also tip very good at the end since this is the last problem set. My way of saying thank you very much for all your help and hard work. Thank you very much. I really appreciate all your help with everything. (Related to Checkpoint 9.2) [Yield to maturity) The Saleemi Corporation’s $1,000 bonds pay 3 percent interest annually and have 11 years until maturity. You can
purchase the bond for $1,065. a. What is the yield to maturity on this bond?
b. Should you purchase the band if the yield to maturity on a comparableen’sk bond is 6 percent?

 
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