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(Related to Checkpoint 9.2). (Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 8 percent interest annualy and have 11 years untel matirity. 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 annualy and have 11 years untel matirity. You can purchase the Band for 5 t. o96. a. What is the yieid to maturity on this bond? b. Should you purchase the bond if the yield to maturity on a comparable-risk bond is 8 percent? a. The yiold to maturity on the Saleomi bonds is K. (Round to two decimal placos.)

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