Question: ( Related to Checkpoint 9 . 2 ) ( Yield to maturity ) The market price is ( $ 7 2 5

(Related to Checkpoint 9.2)(Yield to maturity) The market price is \(\$ 725\) for a 13-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?
( Related to Checkpoint 9 . 2 ) ( Yield to

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