A Japanese company has an outstanding bond that is selling for 89 percent of its face value
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Question:
A Japanese company has an outstanding bond that is selling for 89 percent of its face value of 100,000 yen. The bond has a coupon rate of 4.8 percent paid annually and matures in 19 years. |
What is the yield to maturity of this bond? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places, for example, 32.16.) |
Yield to Maturity | % |
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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