$($Related to Checkpoint $9\mathrm{.}2)($Yield to maturity$)$ The market price is $$925$ for a $12-$year bond $($ $$1,000$ par value$)$ that pays $11$ percent annual interest, but makes interest payments on a semiannual basis $(5\mathrm{.}5$

percent semiannually$).$ What is the bond's yield to maturity?

The bond's yield to maturity is $6.($Round to two decimal places.$)$