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Homework: 4-1 MyFinanceLab Assignment Question 5, P9-7 (similar to) HW Score: 0%, 0 of 50 points O Points: 0 of 4 (Related to Checkpoint 9.2)

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Homework: 4-1 MyFinanceLab Assignment Question 5, P9-7 (similar to) HW Score: 0%, 0 of 50 points O Points: 0 of 4 (Related to Checkpoint 9.2) (Yield to maturity) The market price is $1,175 for a 19-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.)

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