Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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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 5.4 percent paid annually and matures in
21 years. What is the yield to maturity of this bond?
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