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A Japanese company has a bond outstanding that sells for 9 1 percent of its 1 0 0 , 0 0 0 par value. The

A Japanese company has a bond outstanding that sells for 91 percent of its 100,000 par value. The bond has a coupon rate of 5
percent paid annually and matures in 12 years.
What is the yield to maturity of this bond? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
Yield to maturity
%
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