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A Japanese company has a bond outstanding that sells for 8 9 percent of its 1 0 0 , 0 0 c par value. The
A Japanese company has a bond outstanding that sells for percent of its c
par value. The bond has a coupon rate of percent paid annually and matures in
years. What is the yield to maturity of this bond? Do not round intermediate
calculations and enter your answer as a percent rounded to decimal places, eg
Answer is complete but not entirely correct.
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