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In: Finance

 The Saleemi​ Corporation's ​$1,000 bonds pay 11 percent interest annually and have 14 years until maturity....

 The Saleemi​ Corporation's ​$1,000 bonds pay 11 percent interest annually and have 14 years until maturity. You can purchase the bond for $885.

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 11 ​percent?

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