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The Saleemi Corporation's $1,000 bonds pay 11 percent interest annually and have 9 years until...

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Finance

The Saleemi Corporation's $1,000 bonds pay 11 percent interest annually and have 9 years until maturity. You can purchase the bond for $955. 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 13 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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