In 2020, KB Financial (the holding company for Kookmin Bank) issued KRW325 billion in perpetual bonds with

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In 2020, KB Financial (the holding company for Kookmin Bank) issued KRW325 billion in perpetual bonds with a 3.30 percent quarterly coupon. 

1. Calculate the bond’s YTM if the market price was KRW97.03 (per KRW100). 


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