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A Japanese company has a bond outstanding that sells for 96 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 96 percent of its 100,000 par value. The bond has a coupon rate of 4.7 percent paid annually and matures in 12 years. What is the yield to maturity of this bond?

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