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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 years. What is the yield to maturity of this bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Yield to maturity __________ %

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