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4. A Japanese company has a bond outstanding that sells for 87 percent of its $100, 000 par value . The bond has a coupon

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4. A Japanese company has a bond outstanding that sells for 87 percent of its $100, 000 par value . The bond has a coupon rate of 4. 3 percent paid annually and matures in 18 Years . What is the yield to maturity of this bond ? ( Round your answer to 2 decimal places . ( e. g. , 32. 16 ) )

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