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The market price is $1125 for a 15 -year bond ($1000 par value) that pays 9 percent annual interest, but makes interest payments on a

The market price is $1125 for a 15 -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? ROUND TO TWO DECIMAL PLACES.

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