A japanese company has a bond outstanding that sells for 95, Ask an Expert

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A Japanese company has a bond outstanding that sells for 95 percent of its ¥100,000 par value. The bond has a coupon rate of 6.20 percent paid annually and matures in 18 years.

What is the yield to maturity of this bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. (e.g., 32.16).)

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Financial Management, Finance

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