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The Saleemi Corporation's $1000 bonds pay 7 percent interest annually and have 15 years until maturity. You can purchase the bond for $925 . a.What

The Saleemi Corporation's $1000 bonds pay 7 percent interest annually and have 15 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 6 percent?

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