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The Saleemi Corporation's $1,000 bonds pay 6 percent interest annually and have 9 years until maturity. You can purchase the bond for $945. a. What

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The Saleemi Corporation's $1,000 bonds pay 6 percent interest annually and have 9 years until maturity. You can purchase the bond for $945. 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 8 percent? a. The yield to maturity on the Saleemi bonds is %. (Round to two decimal places.)

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