What is the yield to maturity on the bond

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Reference no: EM132075871

Question: The Saleemi Corporation's $1,000 bonds pay 8 percent interest annually and have 15 years until maturity. You can purchase the bond for $1,085.

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 6 percent?

Reference no: EM132075871

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