Homework answers / question archive / The Saleemi? Corporation's ?$1,000 bonds pay 8 percent interest annually and have 13 years until maturity

The Saleemi? Corporation's ?$1,000 bonds pay 8 percent interest annually and have 13 years until maturity

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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.

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 9 ?percent?