pls answer a&b. pls round to two decimals places (Related to Checkpoint 9.2)...
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pls answer a&b. pls round to two decimals places
(Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 5 percent interest annually and have 13 years until maturity. You can purchase the bond for $1,135. 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 2 percent? a. The yield to maturity on the Saleemi bonds is %. (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer Clear All Check Answer part remaining
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