Fitzgerald's 30-year bonds pay 11 percent interest annually on a $1,000 par value. If the bonds sell at $845, what is the bond's yield to maturity? What would be the yield to maturity if the bonds paid interest semiannually? Explain the difference. Question content area bottom Part 1 a. The bond's yield to maturity if the bond pays interest annually is enter your response here%. (Round to three decimal places.)