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Try this

If this is not work, you have to consider modifying the source code.

import bpy

def run_every_01_sec():
    if RETURN in ({'CANCELLED'}, {'FINISHED'}):
        print("op end")
        bpy.app.timers.unregister(run_every_01_sec)
    else:
        print("op running")
    return 0.1

RETURN = bpy.ops.object.bake_image()

bpy.app.timers.register(run_every_01_sec)