The Saleemi​ Corporation's ​$1 comma 000 bonds pay 6 percent interest annually and have 12 years until maturity. You c

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  The Saleemi​ Corporation's
​$1 comma 000
bonds pay
6
percent interest annually and have
12
years until maturity. You can purchase the bond for
​$1 comma 115
.
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
3
​percent?
Question content area bottom
Part 1
a.  The yield to maturity on the Saleemi bonds is
​%.
​ (Round to two decimal​ places.)