Question
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 5.7
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 5.7 percent paid annually and matures in 19 years.
What is the yield to maturity of this bond?
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International Finance Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
10th edition
978-0133425895, 133425894, 978-0133423631, 133423638, 978-0133423648
