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What is the yield to maturity on bond

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Reference no: EM131795391

The Saleemi? Corporation's ?$1,000 bonds pay 7 percent interest annually and have 11 years until maturity. You can purchase the bond for ?$905.

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?

Round to nearest cent or two decimal places.

Reference no: EM131795391

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