What is the yield to maturity on this bond, Financial Accounting

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What is the yield to maturity on this bond

Problem

Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 8 percent interest annually and have 9 years until maturity. You can purchase the bond for $865.

1) What is the yield to maturity on this bond?
2) Should you purchase the bond if the yield to maturity on a comparable-risk bond is 9 percent?

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Financial Accounting: What is the yield to maturity on this bond

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Financial Accounting: What is the yield to maturity on this bond

Reference No:- TGS03300779

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