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 6
| 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 6 percent paid annually and matures in 16 yearNgata Corp. issued 22-year bonds 2 years ago at a coupon rate of 10.2 percent. The bonds make semiannual payments. If these bonds currently sell for 102 percent of par value, what is the YTM? |
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The Finance Book
Authors: Stuart Warner, Si Hussain
1st Edition
1292123648, 978-1292123646
