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Solve using Excel functions: A Japanese company has a bond outstand that sells for 91.53 percent of its 100,000 par value. The bond has coupon
Solve using Excel functions:
A Japanese company has a bond outstand that sells for 91.53 percent of its 100,000 par value. The bond has coupon rate of 3.4 percent paid annually and matures in 16 years. What is the yield to maturity of this bond?
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