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Please use an excel formula. A Japanese company has a bond outstanding that sells for 96.318 percent of its ( 2 Varangle 100,000 ) par
Please use an excel formula.
A Japanese company has a bond outstanding that sells for 96.318 percent of its \( 2 \Varangle 100,000 \) par value. The bond has a coupon rate of 3.4 percent paid annually and matures in 16 years. What is the yield to maturity of this bond? 3 4 Input area: 12 13 (Use cells A6 to B11 from the given information to complete this question. You must use the built-in Excel function to 14 answer this question. Leave the "Basis" input blank in the function.) Step by Step Solution
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