(Yield to maturity) A bond's market price is $1.150. It has a $1,000 par value, will mature in 12 years, and has a coupon interest rate of 11 percent annual interest but makes its interent payments semiannually. What is the bond's yield to maturity? What happens to the band's yield to maturity If the bond matures in 24 years? What if it matures in 6 years? a. The bond's yield to maturity If it matures in 12 years is % (Round to two decimal places.)