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A Japanese company has a bond outstanding that sells for 96 percent of its 100,000 par value. The bond has a coupon rate of 6.30
A Japanese company has a bond outstanding that sells for 96 percent of its 100,000 par value. The bond has a coupon rate of 6.30 percent paid annually and matures in 19 years. |
| What is the yield to maturity of this bond? (Round your answer to 2 decimal places. (e.g., 32.16)) |
| Yield to maturity | % |
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Fixed Income Markets And Their Derivatives
Authors: Suresh Sundaresan
3rd Edition
0123850517, 978-0123704719
