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A Japanese company has a bond outstanding that sells for 9 1 . 5 3 % of its 1 0 0 , 0 0 0

A Japanese company has a bond outstanding that sells for 91.53% of its100,000 yen par value. The bond has a coupon rate of 3.4% paid annually and matures in 16 years. What is the yield to maturity of this bond?

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