1. What is the yield to maturity on this bond?

2. Should you purchase the bond if the yield to maturity on a comparable-risk bond is 12 percent?

(Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 12 percent interest annually and have 14 years until maturity. You can purchase the bond for S895. a. What is the yleld to maturity con this bond? b. Should you purchase the bond if the yield to maturity on a comparable-risk bond is 12 percent? a. The yield to maturity on the Saleemi bonds is%. (Round to two decimal places.) ? Enter your answer in the answer box and then click Check Answer. 1 part remainina Clear All Check Answer javascriotdoExercise(6)