Question: ( Related to Checkpoint 9 . 2 ) ( Yield to maturity ) The market price is $ 8 2 5 for a 1 9

(Related to Checkpoint 9.2)(Yield to maturity) The market price is $825 for a 19-year bond ( $1,000 par value) that pays 8 percent annual interest, but makes interest payments on a semiannual basis (4 percent semiannually). What is the bond's yield to maturity?
The bond's yield to maturity is (type your answer in percentage form and round to two decimal places)%.
( Related to Checkpoint 9 . 2 ) ( Yield to

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