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Determine What is yield to maturity on bond for Saleemi? Co

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Reference no: EM132817772

The Saleemi Corporation's $1,000 bonds pay 8 percent interest annually and have 13 years until maturity. You can purchase the bond for $1,065.

Problem a. What is the yield to maturity on this bond?

Problem b. Should you purchase the bond if the yield to maturity on a comparable-risk bond is 9 percent?

Reference no: EM132817772

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