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A Japanese company has a bond that sells for 96.415 percent of its 100,000 par value. The bond has a coupon rate of 5 percent
A Japanese company has a bond that sells for 96.415 percent of its 100,000 par value. The bond has a coupon rate of 5 percent paid annually and matures in 10 years. What is the yield to maturity of this bond?
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
978-0324300987
