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( Related to Checkpoint 9 . 2 ) ( Yield to maturity ) The market price is $ 1 comma 1 0 0 1 ,

(Related to Checkpoint9.2)(Yield to maturity)The market price is $1 comma 1001,100 for a 99-year bond ($1 comma 0001,000 par value) that pays 1111 percent annual interest, but makes interest payments on a semiannual basis (5.55.5 percent semiannually). What is the bond's yield to maturity?

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