A Japanese company has a bond outstanding that sells for 95 percent of its ¥100,000 par value. The bond has a coupon rate of 6.20 percent paid annually and matures in 18 years. What is the yield to maturity of this bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. (e.g., 32.16).)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
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A Japanese company has a bond outstanding that sells for 95 percent of its ¥100,000 par value. The bond has a coupon rate of 6.20 percent paid annually and matures in 18 years. What is the yield to maturity of this bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. (e.g., 32.16).)
A Japanese company has a bond outstanding that
sells for 95 percent of its ¥100,000 par value. The
bond has a coupon rate of 6.20 percent paid
annually and matures in 18 years.
What is the yield to maturity of this bond? (Do not
round intermediate calculations. Enter your answer
as a percent rounded to 2 decimal places. (e.g.,
32.16).)
Transcribed Image Text:A Japanese company has a bond outstanding that sells for 95 percent of its ¥100,000 par value. The bond has a coupon rate of 6.20 percent paid annually and matures in 18 years. What is the yield to maturity of this bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. (e.g., 32.16).)
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