Business, 07.03.2020 05:41, livingfamyboys35

A Japanese company has a bond outstanding that sells for 90 percent of its ¥100,000 par value. The bond has a coupon rate of 5.7 percent paid annually and matures in 19 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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A Japanese company has a bond outstanding that sells for 90 percent of its ¥100,000 par value. The b...