The Saleemi$$ Corporation's $$$$1$ comma $000$ bonds pay $11$ percent interest annually and have $13$ years until maturity. You can purchase the bond for $$$$1$ comma $095.$

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$?$

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Part $1$

a$.$The yield to maturity on the Saleemi bonds is

$$

enter your response here$\%.($Round to two decimal$$ places.$)$