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(Rolated to Checkpoint 0.2) (Yeld to maturity) The market price is $750 for a 14 -year bond ( $1,000 par value) that pays 9 percent

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(Rolated to Checkpoint 0.2) (Yeld to maturity) The market price is $750 for a 14 -year bond ( $1,000 par value) that pays 9 percent annual interest, but makes interest poyments on a gemiannual basis ( 4.5 percent cemiarnually). What is the bond's yield to maturity? The bond's yieid to maturity is 6. (Round to two docimat places.)

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