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The SaleemiCorporation's $1,000 bonds pay 7 percent interest annually and have 11 years until maturity. You can purchase the bond for $1,105. a. What is

The SaleemiCorporation's $1,000 bonds pay 7 percent interest annually and have 11 years until maturity. You can purchase the bond for $1,105.

a.What is the yield to maturity on thisbond?

b.Should you purchase the bond if the yield to maturity on acomparable-risk bond is 7 percent?

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