The Saleemi​ Corporation’s ​

The Saleemi​ Corporation’s ​$1,000 bonds pay 7 percent interest annually and have 9 years until maturity. You can purchase the bond for ​$935.

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 7 ​percent?

a.  The yield to maturity on the Saleemi bonds is __-​%. ​ (Round to two decimal​ places.)

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