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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A Japanese company has a bond that sells for 97.468 percent of its
¥100,000 par value. The bond has a coupon rate of 5.9 percent paid
annually and matures in 19 years. What is the yield to maturity of this bond?
Note: Do not round intermediate calculations and enter your answer as a
percent rounded to 2 decimal places, e.g., 32.16.
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Transcribed Image Text:A Japanese company has a bond that sells for 97.468 percent of its ¥100,000 par value. The bond has a coupon rate of 5.9 percent paid annually and matures in 19 years. What is the yield to maturity of this bond? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
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