Question
Problem 7-4 Bond Yields [LO2] A Japanese company has a bond outstanding that sells for 87 percent of its 100,000 par value. The bond has
Problem 7-4 Bond Yields [LO2]
| A Japanese company has a bond outstanding that sells for 87 percent of its 100,000 par value. The bond has a coupon rate of 4.6 percent paid annually and matures in 17 years. |
| What is the yield to maturity of this bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
| Yield to maturity | % |
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Basic Finance An Introduction To Financial Institutions Investments And Management
Authors: Herbert B. Mayo, Michael J Lavelle
13th Edition
0357714741, 978-0357714744
