The Saleemi Corporation's $1,000 bonds pay 8 percent interest annually and have 11 years until maturity. You can purchase the bond for $935. 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 10 percent?

a.The yield to maturity on the Saleemi bonds is ____%. (Round to two decimal places.)

b. You should or should not (which one) purchase the bonds because your yield to maturity on the Saleemi bonds is less or greater (which one) than the one on a comparable risk bond. (Select from the drop-down menus.)