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(Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 6 percent interest annually and have 8 years until matunty. You can

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(Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 6 percent interest annually and have 8 years until matunty. You can purchase the bond for 1095 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 6 percent? a. The yold to maturity on the Salvomi bonds is 10% (Round to two decimal places)

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