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The market price is $ 8 0 0 for a 1 2 - year bond ( $ 1 , 0 0 0 par value )

The market price is $800 for a 12-year bond ($1,000 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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