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A Japanese company has a bond that sells for 96.318 percent of its 100,000 par...

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Finance

image A Japanese company has a bond 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? 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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