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Problem:

A Japanese company has a bond outstanding that sells for 87 percent of its ¥100,000 face value. The bond has a coupon rate of 4.3 percent paid annually and matures in 18 years.

Required:

Question: What is the yield to maturity of this bond?

Note: Be sure to show how you arrived at your answer.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91163325

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