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A Japanese company has a bond outstanding that sells for 99 percent of its 100,000 par value. The bond has a coupon rate of 4
A Japanese company has a bond outstanding that sells for 99 percent of its 100,000 par value. The bond has a coupon rate of 4 percent paild annually and matures in 17 years What is the yield to maturity of this bond? Enter your answer as a percentage, omit the "%"' sign in your response, and enter your answer with 2 decimal place. For example, 1.214% should be entered as 1.21.)
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