(Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 12 percent interest annually and have 12 years until maturity. You can purchase the bond for $1,155. 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 9.75 %. (Round to two decimal places.) b. You purchase the bonds because your yield to maturity on the Saleemi bonds is than the one on a comparable risk bond. (Select from the drop-down menus.)