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A Japanese company has a bond outstanding that sells for 94 percent of its 100,000 par value. The bond has a coupon rate of 5.3
| A Japanese company has a bond outstanding that sells for 94 percent of its 100,000 par value. The bond has a coupon rate of 5.3 percent paid annually and matures in 15 years. |
| What is the yield to maturity of this bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
| Yield to maturity | % |
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Commodity Trade And Finance
Authors: Michael Tamvakis
2nd Edition
041573245X, 978-0415732451
