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i need help with a and b (Rolated to Checkpoint 9.2) (Yiold to maturity) The Saleemi Corporation's $1,000 bonds pay 12 percent intorost annualy and
i need help with a and b
(Rolated to Checkpoint 9.2) (Yiold to maturity) The Saleemi Corporation's $1,000 bonds pay 12 percent intorost annualy and have 13 years until maturity. You can purchase the bond for $905. 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 15 percent? a. The yield to maturity on the Saleemi bonds is \%. (Round to two decimal places.) Step by Step Solution
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