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THE QUESTION HAS MULTIPLE STEPS. (Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 11 percent interest annually and have 13

THE QUESTION HAS MULTIPLE STEPS.
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(Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 11 percent interest annually and have 13 years until maturity. You can purchase the bond for $1,135. 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 8 percent? a. The yield to maturify on the Saleemi bonds is 8% (Round to two decimal places)

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