A bond's market price is

$950.

It has a

$1,000

par value, will mature in

10

years, and has a coupon interest rate of

11

percent annual interest, but makes its interest payments semiannually. What is the bond's yield to maturity? What happens to the bond's yield to maturity if the bond matures in

20

years? What if it matures in

5

years?

Question content area bottom

Part 1

a.The bond's yield to maturity if it matures in

10

years is

enter your response here%.

(Round to two decimal places.)