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A Japanese company has a bond outstanding that sells for 90 percent of its 100, 000 par value. The bond has a coupon rate of

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A Japanese company has a bond outstanding that sells for 90 percent of its 100, 000 par value. The bond has a coupon rate of 5.70 percent paid annually and matures in 19 years. What is the yield to maturity of this bond? (Do not round intermediate calculations and round your final answer to 2 decimal places, (e.g., 32.16)) Yield to maturity %

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