A Japanese company has a bond outstanding that sells for 89 percent of its ¥100,000 par value. The bond has a coupon rate of 5.6 percent paid annually and matures in 18 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.) |
Calculator | |
Inputs: | |
PV | (89,000.00) |
PMT | 5,600 |
FV | 1,000,000 |
N | 18 |
Output: | |
I/Y = YTM= | 17.12% |
Answer is 17.12%
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