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Problem 7-4 Bond Yields [LO2] A Japanese company has a bond outstanding that sells for...

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Accounting

Problem 7-4 Bond Yields [LO2] 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 4.9 percent paid annually and matures in 20 years. What is the yield to maturity of this bond (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

image 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 4.9 percent paid annually and matures in 20 years. What is the yield to maturity of this bond (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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