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(Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1.000 bonds pay 8 percent interest annually and have 8 years until maturity. You can

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(Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1.000 bonds pay 8 percent interest annually and have 8 years until maturity. You can purchase the bond for 1915 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 11 percent? a. The yield to maturity on the Saleemi bonds is % (Round to two decimal places)

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