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The market price is $ 1 1 5 0 for a 9 - year bond ( $ 1 0 0 0 par value ) that

The market price is $1150 for a 9-year bond ($1000 par value) that pays 9 percent annual interest, but makes interest payments on a semiannual basis (4.5 percent semiannually). What is the bond's yield to maturity?

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