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The Saleemi Corporation's $ 1 , 0 0 0 bonds pay 6 percent interest annually and have 1 2 years until maturity. You can purchase

The Saleemi Corporation's $1,000 bonds pay 6 percent interest annually and have 12 years until maturity. You can purchase the bonds 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 4 percent?
The yield to maturity on the Saleemi bond is ?%.

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