A japanese company has a bond outstanding that sells for 93, Financial Management

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A japanese company has a bond outstanding that sells for 93

A Japanese company has a bond outstanding that sells for 93 percent of its ¥100,000 par value. The bond has a coupon rate of 6 percent paid annually and matures in 16 yearNgata Corp. issued 22-year bonds 2 years ago at a coupon rate of 10.2 percent. The bonds make semiannual payments. If these bonds currently sell for 102 percent of par value, what is the YTM?

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Financial Management: A japanese company has a bond outstanding that sells for 93

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Financial Management: A japanese company has a bond outstanding that sells for 93

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