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{Retated to Checkpoint 9.2) (Yield to maturity) The market price is $775 for a 10 -year bond ( 51,000 par vakie) that pays 8 percent

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\{Retated to Checkpoint 9.2) (Yield to maturity) The market price is $775 for a 10 -year bond ( 51,000 par vakie) that pays 8 percent annual interest, but makes interest payments on a semiannual basis (4 percent semiannually) What is the bonds yield to maturity? The bond s yiold to maturity is _8. (Round to two decimal places.)

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