$($Related to Checkpoint $9\mathrm{.}2)($Yield to maturity$)$ The market price is $\backslash (\backslash$$ $825\backslash )$ for a $14-$year bond $(\backslash (\backslash$$ $1,000\backslash )$ par value$)$ that pays $12$ percent annual interest, but makes interest payments on a semiannual basis $(6$ 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$)\backslash (\backslash \%\backslash ).$