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(Yield to maturity)The market price is $750 for a 9 -year bond ($1 comma 000 par value) that pays 9 percent annual interest, but makes
(Yield to maturity)The market price is
$750
for a
9
-year
bond
($1 comma 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?
Question content area bottom
Part 1
The bond's yield to maturity is
%.
(Round to two decimal places.)
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