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A Japanese company has a bond outstanding that sells for 94 percent of its 100,000 par value. The bond has a coupon rate of 5.3

A Japanese company has a bond outstanding that sells for 94 percent of its 100,000 par value. The bond has a coupon rate of 5.3 percent paid annually and matures in 15 years. What is the yield to maturity of this bond?

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