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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 4.2 percent paid annually...

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 4.2 percent paid annually and matures in 18 years.

What is the yield to maturity of this bond?

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