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(Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation’s $1,000 bonds pay 11 percent interest annually and have 8 years until…

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(Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation’s $1,000 bonds pay 11 percent interest annually and have 8 years until maturity. You can purchase the bond for $915 .

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?

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.

A.should C.greater

B.should not D. less

 
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