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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

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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? Input area: (Use cells A6 to B11 from the given information to complete this question. You must use the built-in Excel function to answer this question. Leave the "Basis" input blank in the function.)

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