A Japanese company has a bond outstanding that sells for 95.4 percent of its 100,000 par value.
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A Japanese company has a bond outstanding that sells for 95.4 percent of its ¥100,000 par value. The bond has a coupon rate of 4.9 percent paid annually and matures in 18 years. What is the yield to maturity of this bond?
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Here we are finding the YTM of an annual coupon bond The fact that the bon...View the full answer
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Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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Related Video
The yield to maturity (YTM) is the percentage rate of return for a bond assuming that the investor holds the asset until its maturity date. This video will give a complete tutorial on how to calculate Yield to Maturity on Microsoft Excel
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