The Saleemi Corporation's $1 comma 000 bonds pay 6 percent interest annually and have 12 years until maturity. You c
Posted: Sun Jun 05, 2022 10:58 am
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.)
$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.)