(Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 11 percent interest annually and have 9 years until maturity. You can purchase the bond for $885.

1. What is the yield to maturity on this bond?
2. Should you purchase the bond if the yield to maturity on a comparable-risk bond is 15 percent?

2. What is fin yeid ta maturty on this bond? b. Shoula you parchase the troed if the yeld to matarify on a comparabie-rik bend is 15 percent? 6. (Round to two decins places )