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(Related to Checkpoint 9.2)(Yield to maturity)The Saleemi Corporation's $1,000 bonds pay 7 percent interest annually and have 12 years until maturity. You can purchase the

(Related to Checkpoint 9.2)(Yield to maturity)The Saleemi Corporation's $1,000 bonds pay 7 percent interest annually and have 12 years until maturity. You can purchase the bond for $1,095. 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 4 percent? Question content area bottom Part 1 a.The yield to maturity on the Saleemi bonds is enter your response here%. (Round to two decimal places.)

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