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A Japanese government bond with a $1,000 face value has a 2.18% annual coupon rate. The bond matures in 6 years. The current YTM on
A Japanese government bond with a $1,000 face value has a 2.18% annual coupon rate. The bond matures in 6 years. The current YTM on the bond is 0.4% (negative!). What is this bond worth? Round to the nearest cent. Type your numeric answer and submit Step by Step Solution
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