The Saleemi Corporation's $1,000 bonds pay 11 percent interest annually and have 8 years until maturity. You can purchase the bond for $925. 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 11 percent?

a.The yield to maturity on the Saleemi bonds is ______%. (Round to two decimal places.)

b.You (should) or (should not) purchase the bonds because your yield to maturity on the Saleemi bonds is (greater) or (less) than the one on a comparable risk bond.