Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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6779
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A
B
D
A Japanese company has a bond outstanding that sells for 96.318 percent of its
¥100,000 par value. The bond has a coupon rate of 3.4 percent paid annually
and matures in 16 years. What is the yield to maturity of this bond?
Input area:
Settlement date
Maturity date
Annual coupon rate
Coupons per year
Redemption value (% of par)
Bond price (% of par)
16 Output area:
17
18
1/1/2020
1/1/2036
3.40%
Yield to maturity
1
100
96.318
F
G
12
13 (Use cells A6 to 811 from the given information to complete this question. You must use the built-in Excel function to
14 answer this question. Leave the "Basis" input blank in the function.)
15
H
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Transcribed Image Text:2 3 4 5 6779 8 9 10 11 A B D A Japanese company has a bond outstanding that sells for 96.318 percent of its ¥100,000 par value. The bond has a coupon rate of 3.4 percent paid annually and matures in 16 years. What is the yield to maturity of this bond? Input area: Settlement date Maturity date Annual coupon rate Coupons per year Redemption value (% of par) Bond price (% of par) 16 Output area: 17 18 1/1/2020 1/1/2036 3.40% Yield to maturity 1 100 96.318 F G 12 13 (Use cells A6 to 811 from the given information to complete this question. You must use the built-in Excel function to 14 answer this question. Leave the "Basis" input blank in the function.) 15 H
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