Question
A Japanese company has a bond outstanding that sells for 91.53% of its 100,000 yen par value. The bond has a coupon rate of 3.4%
A Japanese company has a bond outstanding that sells for 91.53% of its 100,000 yen par value. The bond has a coupon rate of 3.4% paid annually and matures in 16 years. What is the yield to maturity of this bond?
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Case Studies In Finance
Authors: Robert Bruner, Kenneth Eades, Michael Schill
6th Edition
0073382450, 978-0073382456
