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The market price is $ 1 1 5 0 for a 1 2 - year bond ( $ 1 0 0 0 par value )

The market price is $1150 for a 12-year bond ($1000 par value) that pays 11% annual interest, but makes interest payments on a semiannual basis (5.5% semiannually). What is the bond's yield to maturity? Part 1 The bond's yield to maturity is %.

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