Question: I have a question. Please present the formula to solve this problem. No handwriting. A Japanese company has a bond outstanding that sells for 87
I have a question. Please present the formula to solve this problem. No handwriting.
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 4.3 percent paid annually and matures in 18 years. What is the yield to maturity of this bond?
Thank you !
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