Question
A Japanese company has a bond outstanding that sells for 88 percent of its 100,000 par value. The bond has a coupon rate of 4.7
| A Japanese company has a bond outstanding that sells for 88 percent of its 100,000 par value. The bond has a coupon rate of 4.7 percent paid annually and matures in 18 years. |
What is the yield to maturity of this bond? |
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
