What is the yield to maturity on this bond, Finance Basics

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What is the yield to maturity on this bond

Problem

The Saleemi Corporation's $1,000 bonds pay 9 percent interest annually and have 11 years until maturity. You can purchase the bond for $1,155.

• What is the yield to maturity on this bond?
• Should you purchase the bond if the yield to maturity on a comparable-risk bond is 5 percent?

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Finance Basics: What is the yield to maturity on this bond

Reference No:- TGS03300279

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Finance Basics: What is the yield to maturity on this bond

Reference No:- TGS03300279

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