Question: ( Related to Checkpoint 9 . 2 ) ( Yield to maturity ) The market price is $ 1 , 1 5 0 for a

(Related to Checkpoint 9.2)(Yield to maturity) The market price is $1,150 for a 15-year bond ( $1,000 par value) that pays 9 percent annual interest, but makes
interest payments on a semiannual basis (4.5 percent semiannually). What is the bond's yield to maturity?
The bond's yield to maturity is
%.(Round to two decimal places.)
(Related to Checkpoint 9.2)(Yield to maturity) The market price is $1,150

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