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The market price is $1,150 for a 1o year bond ($1,000 par value) that pays 11 percent annual interest, but makes payments on a semiannual

The market price is $1,150 for a 1o year bond ($1,000 par value) that pays 11 percent annual interest, but makes payments on a semiannual basis (5.5 percent semiannually). What is the bond's yield to maturity?

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