The Saleemi Corporation's $1,000 bonds pay 7 percent interest annually and have 11 years until maturity. You can purchase the bond for $1,075. 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 5 percent? Question content area bottom Part 1

a.The yield to maturity on the Saleemi bonds is enter your response here%. (Round to two decimal places.)