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AJapanesecompanyhasabondoutstandingthatsellsfor91.53percentofits100,000 parvalue.Thebondhasacouponrateof3.4percentpaidannuallyandmaturesin16 years.Whatistheyieldtomaturityofthis bond? Settlementdate1/1/2000 Maturitydate1/1/2016 Annualcouponrate3.4% Couponsperyear 1 Facevalue(%ofpar)100 Bondprice(%ofpar)91.530 Facevalue100,000

AJapanesecompanyhasabondoutstandingthatsellsfor91.53percentofits100,000 parvalue.Thebondhasacouponrateof3.4percentpaidannuallyandmaturesin16 years.Whatistheyieldtomaturityofthis bond? Settlementdate1/1/2000 Maturitydate1/1/2016 Annualcouponrate3.4% Couponsperyear 1 Facevalue(%ofpar)100 Bondprice(%ofpar)91.530 Facevalue100,000

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