The Saleemi​ Corporation's ​$1,000 bonds pay 6 percent interest annually and have 14 years until maturity. You can purch

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answerhappygod
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The Saleemi​ Corporation's ​$1,000 bonds pay 6 percent interest annually and have 14 years until maturity. You can purch

Post by answerhappygod »

The Saleemi​ Corporation's ​$1,000 bonds pay 6 percent interest
annually and have 14 years until maturity. You can purchase the
bond for ​$1,055.
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?
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