A Japanese company has a bond outstanding that sells for 92 percent of its 100,000 par value.

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A Japanese company has a bond outstanding that sells for 92 percent of its ¥100,000 par value. The bond has a coupon rate of 2.8 percent paid annually and matures in 21 years. What is the YTM of this bond?

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Corporate Finance

ISBN: 9781259270116

8th Canadian Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss

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Question Posted: Oct 29, 2020 07:29 AM

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A Japanese company has a bond outstanding that sells for 92 percent of its 100,000 par value.

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Here we are finding the YTM of an annual coupon bond The fact that the bo...View the full answer

Corporate Finance

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