the bond? 6. Bond Yields 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 5.4 percent paid annually and matures in 21 years. What is the yield to maturity of this bond? V versus IRR Consider the following cash flows on two mutually exclusive proje Hindustan Patrika (JHP Both projects require an annual return of 15 percent. Deepwater Fishing New Submarine Ride Year 1 2 3 -INR 600.000 270.000 350.000 300.000 - INR 1,800,000 1,000,000 700.000 900,000 financial analyst for JHP, you are asked the following questions: f your decision rule is to accept the project with the greater IRR, which project sh Choose? Because you are fully aware of the IRR rule's scale problem, you calculate the inc RR for the cash flows. Based on your computation, which project should you cho To be prudent, you compute the NPV for both projects. Which project should you sit consistent with the incremental IRR rule