interest payments on a semiannual basis ​

/in /by

The market price is ​$1,075 for a 12-year bond ​($1,000 par​ value) that pays 12 percent annual​ interest, but makes interest payments on a semiannual basis ​(6 percent​ semiannually). What is the​ bond’s yield to​ maturity? 

The​ bond’s yield to maturity is ____%(Round to two decimal​ places.)

I got 10.66% but that was wrong.

 
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