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A Japanese company has a bond outstanding that sells for 91.53 percent of its 100,000 par value. The bond has a coupon rate of
A Japanese company has a bond outstanding that sells for 91.53 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? Settlement date 1/1/2000 Maturity date 1/1/2016 Annual coupon rate 3.4% Coupons per year 1 Face value (% of par) Bond price (% of par) Face value 100 91.530 100,000 Complete the following analysis. Do not hard code values in your calculations. Leave the "Basis" input blank in the function. You must use the built-in Excel function to answer this question. Yield to maturity
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