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(Related to Checipoint 9.2 freld to maturity) The Saleemi Corporation's $1,000 bonds pay 5 porcent interest annually and havo 9 yoars unti maturity. You can

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(Related to Checipoint 9.2 freld to maturity) The Saleemi Corporation's $1,000 bonds pay 5 porcent interest annually and havo 9 yoars unti maturity. You can purchase the bond for $8?8 a. What is the yiold to maturity on this bond? b. Should you purchase the bond if the yield to maturity on a cornparable-risk bond is 5 percent? a. The yoid to maturity on the Saleomi bonds is \%. (Round to two decimal places.)

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