Question
(Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 11 percent interest annually and have 12 years until maturity. You can purchase the bond for
(Yield to maturity)
The Saleemi Corporation's $1,000 bonds pay 11 percent interest annually and have 12 years until maturity. You can purchase the bond for $1,145.
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 7 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.)
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Capital As Power
Authors: Jonathan Nitzan, Shimshon Bichler
1st Edition
0415496802, 978-0415496803
