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A Japanese company has a bond that sells for 1 0 3 . 8 1 3 percent of its 1 0 0 , 0 0

A Japanese company has a bond that sells for 103.813 percent of its 100,000 par value. The bond has a coupon rate of 6.5 percent paid annually and matures in 23 years. What is the yield to maturity of this bond?

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