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The Saleemi Corporation's $ 1,000 bonds pay 9 percent interest annually and have 11 years until maturity. You can purchase the bond for $855. a.What

The Saleemi Corporation's $ 1,000 bonds pay 9 percent interest annually and have 11 years until maturity. You can purchase the bond for $855.

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 percent?

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