Estimating yield to maturity of bond


A Japanese company has a bond outstanding that sells for 91 percent of its ¥ 100,000 par value. The bond has a coupon rate of 6.6 percent paid annually and matures in 21 years.

Required:

What is the yield to maturity of this bond?

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Finance Basics: Estimating yield to maturity of bond
Reference No:- TGS044145

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