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A Japanese company has a bond outstanding that sells for 953 percent of its 100,000 par value. The bond has a coupon rate of 3.4
A Japanese company has a bond outstanding that sells for 953 percent of its 100,000 par value. The bond has a coupon rate of 3.4 percent paid annually and matures in 16 years. What is the yield to maturity of this bond? Please show what financial functions you used in excel
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