A Japanese company has a bond outstanding that sells for 90 percent
Subject: Business   / Finance
Question
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.
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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
