Question: ( Related to Checkpoint 9 . 2 ) ( Yield to maturity ) The market price is $ 8 5 0 8 5 0 for

(Related to Checkpoint9.2)(Yield to maturity) The market price is $850850 for a 99-year bond ($1 comma 0001,000 par value) that pays 1212 percent annual interest, but makes interest payments on a semiannual basis (66 percent semiannually). What is the bond's yield to maturity? Question content area bottom Part 1 The bond's yield to maturity is enter your response here%.(Round to two decimal places.)

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