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A Japanese company has a bond outstanding that sells for 88 percent of its 100,000 par value. The bond has a coupon rate of 5.5

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A Japanese company has a bond outstanding that sells for 88 percent of its 100,000 par value. The bond has a coupon rate of 5.5 percent paid annually and matures in 17 years. as a percent rounded to 2 decimal places, e.g., 32.16.) Yield to maturity Hints References eBook &Resources Learning Objective: 07-02 Bond values and yields and why they fluctuate. Worksheet Difficulty: Basic Section: 7.1 Bonds and Bond Valuation

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