ed to Checkpoint​ 9.2)  ​(Yield to​ maturity)  The Saleemi​ Corporation's ​$1,000 bonds pay 12 percent interest annually and have 11 years until maturity. You can purchase the bond for ​$945.   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 14 ​percent?       Question content area bottom Part 1 a.  The yield to maturity on the Saleemi bonds is enter your response here​%.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
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(Related to Checkpoint​ 9.2)  ​(Yield to​ maturity)  The Saleemi​ Corporation's
​$1,000
bonds pay
12
percent interest annually and have
11
years until maturity. You can purchase the bond for
​$945.
 
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
14
​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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