The market price

A bond
June 28, 2019
interest payments on a semiannual​ basis,
June 29, 2019

The market price is ​$875 for a 19​-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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