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A Japanese company has a bond outstanding that sells for 93 percent of its 100,000 par value. The bond has a coupon rate of 6.00
| A Japanese company has a bond outstanding that sells for 93 percent of its 100,000 par value. The bond has a coupon rate of 6.00 percent paid annually and matures in 16 years. |
| What is the yield to maturity of this bond? (Round your answer to 2 decimal places. (e.g., 32.16)) |
| Yield to maturity | % |
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