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A Japanese company has a bond that sells for 1 0 4 . 6 1 5 percent of its 1 0 0 , 0 0

A Japanese company has a bond that sells for 104.615 percent of its 100,000 par value. The bond has a coupon rate of 6.6 percent paid annually and matures in 22 years. What is the yield to maturity of this bond?

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