Question
1. A Japanese firm issued 15-year bonds two years ago at a coupon rate of 8.00 percent. The bonds make semiannual payments. These bonds currently
1. A Japanese firm issued 15-year bonds two years ago at a coupon rate of 8.00 percent. The bonds make semiannual payments. These bonds currently sell for 97 percent of par value. The par value is JPY 10,000. Calculate the yield-to-maturity (YTM)!
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Finance For Non Financial Managers
Authors: Gene Siciliano
1st Edition
0071413774, 978-0071413770
