Question
A Japanese company has a bond outstanding that sells for 95 percent of its 100,000 par value. The bond has a coupon rate of 6.2
| A Japanese company has a bond outstanding that sells for 95 percent of its 100,000 par value. The bond has a coupon rate of 6.2 percent paid annually and matures in 18 years. |
What is the yield to maturity of this bond? |
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Financial Modeling
Authors: Simon Benninga
4th Edition
0262027283, 9780262027281
