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The Saleemi Corporation's $1000 bonds pay 12 percent interest annually and have 11 years until maturity. You can purchase the bond for $875. a.What is

The Saleemi Corporation's $1000 bonds pay 12 percent interest annually and have 11 years until maturity. You can purchase the bond for $875.

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 16 percent?

a.The yield to maturity on the Saleemi bonds is nothing%. (Round to two decimal places.)

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