(Related to Checkpoint 9.2 ) (Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 9 percent interest annually and have 14 years until maturity. You can purchase the bond for $875. 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 9 percent? a. The yield to maturity on the Saleemi bonds is \%. (Round to two decimal places.) (Related to Checkpoint 9.2 and Checkpoint 9.3 ) (Bond valuation relationships) The 13 -year, $1,000 par value bonds of Waco Industries pay 12 . percent interest annually. The market price of the bond is $915, and the market's required yield to maturity on a comparable-risk bond is 15 percent. a. Compute the bond's yield to 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? a. What is your yield to maturity on the Waco bonds given the current market price of the bonds? \%. (Round to two decimal places.)