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The Saleemi Corporation's $ 1 0 0 0 bonds pay 1 1 percent interest annually and have 1 4 years until maturity. You can purchase

The Saleemi Corporation's $1000 bonds pay 11 percent interest annually and have
14 years until maturity. You can purchase the bond for $895. What is the yield to maturity on this bond? Should you purchase the bond if the yield to maturity on a comparable-risk bond is 11percent?

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