A Japanese company has a bond outstanding that sells for 95.4 percent of its 100,000 par value.
Question:
A Japanese company has a bond outstanding that sells for 95.4 percent of its ¥100,000 par value. The bond has a coupon rate of 4.9 percent paid annually and matures in 18 years. What is the yield to maturity of this bond?
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Here we are finding the YTM of an annual coupon bond The fact that the bon...View the full answer
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Anurag Agrawal
I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day.
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Related Book For 
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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