The Saleemi Corporation's $1,000 bonds pay 8% interest annually and have 9 years until maturity. You can purchase the bond for $1,145.
A. what is the yield to maturity on the bond? The yield to maturity on the Saleemi bond is what __%. (Round to two decimal places)
B. Should you purchase the bond if the yield to maturity on a comparable-risk bond is 7%?