P9-16 (similar to) Question Help (Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 9 percent interest annually and have 8 years until maturity. You can purchase the bond for $865. 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 10 percent? a. The yield to maturity on the Saleemi bonds is % (Round to two decimal places.) P9-17 (similar to) Question Help Assignments (Related to Checkpoint 9.2 and Checkpoint 9.3) (Bond valuation relationships) The 18-year $1.000 par value bonds of Waco Industries pay 8 percent interest annually. The market price of the bond is $1,065, and the market's required yield to maturity on a comparable-risk bond is 9 percent. Do Homework a. Compute the bond's yield lo maturity b. Determine the value of the bond to you given the market's required yield to maturity on a comparable risk bond c. Should you purchase the bond? Take a QuinTest a. What is your yield to maturity on the Waco bonds given the current market price of the bonds? % (Round to two decimal places.)