Determining the yield to maturity on bond


Problem:

A Japanese company has a bond outstanding that sells for 88 percent of its ¥100,000 par value. The bond has a coupon rate of 5.50 percent paid annually and matures in 17 years.

Required:

Question: What is the yield to maturity on this bond?

Note: Please provide through step by step calculations.

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Finance Basics: Determining the yield to maturity on bond
Reference No:- TGS0893551

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