Question
A Japanese company has a bond outstanding that sells for 93 percent of its 100,000 par value. The bond has a coupon rate of 5.2
| A Japanese company has a bond outstanding that sells for 93 percent of its 100,000 par value. The bond has a coupon rate of 5.2 percent paid annually and matures in 14 years. |
What is the yield to maturity of this bond? |
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Corporate Finance Core Principles And Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
6th Edition
1260571122, 978-1260571127
