solve part 1-2

(Related to Checkpoint 9.2) (Yield to maturity) The Saleem Corporation's $1,000 bonds pay 11 percent interest annually and have 14 years until maturity. You can purchase the bond for $1.065 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 12 percent? a. The yield to maturity on the Saleemi bonds is % (Round to two decimal places.)