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Saleemi Corporation's $ 1 0 0 0 bonds pay 7 percent interest annually and have 8 years until maturity. You can purchase the bond for

Saleemi Corporation's $1000 bonds pay 7 percent interest annually and have 8 years until maturity. You can purchase the bond for $955.
1.) Whar 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 9 percent?

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