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The Saleemi Corporation's $1,000 bonds pay 12 percent interest annually and have 9 years until maturity. You can purchase the bond for $895. a.What is

The Saleemi Corporation's

$1,000

bonds pay

percent interest annually and have

years until maturity. You can purchase the bond for

$895.

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

13%

The yield to maturity on the Saleemi bonds is___%.

(Round to two decimal places.)

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