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The market price is $1,150 for a 9-year bond ($1,000 par value) that pays 11% annual interest, but makes interest payments on a semiannual basis

The market price is $1,150 for a 9-year bond ($1,000 par value) that pays 11% annual interest, but makes interest payments on a semiannual basis (5.5% semiannually).

A.) What is the bond's yield to maturity? _____

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