10. 2 parts

(Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 5 percent interest annually and have 8 years until maturity. You can purchase the bond for $1,105. a. What is the yield to matunty on this bond? b. Should you purchase the bond if the yield to matunity on a comparable-risk bond is 2 percent? RE a. The yield to matunty on the Saleemi bonds is %. (Round to two decimal places.) Help me solve this Clear all View an example Get more help 31