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The Saleemi Corporation's $1,000 bonds pay 11 percent interest annually and have 11 years until maturity. You can purchase the bond for $1,145. a. What
The Saleemi Corporation's $1,000 bonds pay 11 percent interest annually and have 11
years until maturity. You can purchase the bond for $1,145.
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
7 percent?
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