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(Yield tomaturity) The SaleemiCorporation's $1,000 bonds pay 11 percent interest annually and have 11 years until maturity. You can purchase the bond for $1,075. a.

(Yield tomaturity)The SaleemiCorporation's $1,000 bonds pay 11 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 thisbond?

b.Should you purchase the bond if the yield to maturity on acomparable-risk bond is 11 percent?

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