$($Related to Checkpoint $9\mathrm{.}2)($Yield to maturity$)$ The market price is $$1,175$ for a $20-$year bond $($ $$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

$\%.($Round to two decimal places.$)$The market price is $$$$1$ comma $175$ for a $20-$year bond $($$$1$ comma $000$ 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?

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Part $1$

The$$ bond's yield to maturity is

$$

enter your response here$\%.($Round to two decimal$$ places.$)$