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The bond's yield to maturity is %. (Round to two decimal places.) (Related to Checkpoint 9.2) (Yield to maturity) The market price is $900 for

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

(Related to Checkpoint 9.2) (Yield to maturity) The market price is $900 for a 17-year bond ($1 1000 par value) that pays 11 percent annual interest, but makes interest payments on a semiannual basis (55 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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