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(Reloted to Checkpoint 9.2) (Yield to maturity) The Saleent Corporation's $1,000 bonds pay 12 percent interest antually and have 15 years until maturity. You can

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(Reloted to Checkpoint 9.2) (Yield to maturity) The Saleent Corporation's $1,000 bonds pay 12 percent interest antually and have 15 years until maturity. You can purchase the bond tor 51,125 a. What is the yield to maturity on this bond? b. Should you purchase the bond it the yield to maturity on a comparable-risk bond is 9 percent? a. The yield to maturity on the Saleemi bonds is (Round to two decimal places.)

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