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Help! Please assist with problem below. (Yield tomaturity) The SaleemiCorporation's $1,000 bonds pay 6 percent interest annually and have 9 years until maturity. You can

Help! Please assist with problem below.

(Yield tomaturity) The SaleemiCorporation's $1,000 bonds pay 6 percent interest annually and have 9 years until maturity. You can purchase the bond for $1,135.

a.What is the yield to maturity on thisbond?

b.Should you purchase the bond if the yield to maturity on acomparable-risk bond is 6 percent?

a.The yield to maturity on the Saleemi bonds is _______%

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