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5 of 12 (0 complete) HW Score: 0%, 0 of 50 pts P9-7 (similar to) Question Help (Related to Checkpoint 9.2) (Yield to maturity) The

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5 of 12 (0 complete) HW Score: 0%, 0 of 50 pts P9-7 (similar to) Question Help (Related to Checkpoint 9.2) (Yield to maturity) The market price is $900 for a 9-year bond ($1,000 par value) that pays 11 percent annual interest, but makes interest payments on a semiannual basis (5.5 percent semiannually). What is the bond's yield to maturity? The bond's yield to maturity is %. (Round to two decimal places.)

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