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A Japanese company has a bond outstanding that sells for 92 percent of its 100,000 par value. The bond has a coupon rate of 5.1
| A Japanese company has a bond outstanding that sells for 92 percent of its 100,000 par value. The bond has a coupon rate of 5.1 percent paid annually and matures in 13 years. |
| What is the yield to maturity of this bond?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
| Yield to maturity | %
|
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
