The Saleemi Corporations $1000 bonds pay 11 percent interest annually and have 12 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?

What is the yield to maturity on the Saleem bonds is? (round to two decimal places)

You___ (should/should not) purchase the bonds because your yield maturity on the Saleemi bonds is ____ (greater/lesser) that the one on a comparable risk bond.