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A Japanese company has 9 percent coupon bonds on the market with 20 years to maturity. the bonds make semiannual payments and currently sell for
A Japanese company has 9 percent coupon bonds on the market with 20 years to maturity. the bonds make semiannual payments and currently sell for $1,073 and have a face value of $1,000. What is the current yield on the bonds? what is the YTM? what is the effective annual yield or effective annual return (EAR)?
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