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A Japanese company has a bond outstanding that sells for 9 6 . 3 1 8 percent of its 1 0 0 , 0 0

A Japanese company has a bond outstanding that sells for 96.318 percent of its 100,000 par value. The bond has a coupon rate of 3.4 percent paid annually and matures in 16 years. What is the yield to maturity of this bond? *****ANSWER MUST BE IN EXCEL FORMULA FORMAT (Ex: =B3+C3)

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