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The bond has a coupon rate of 51 percent paid annually and

E company has a bond outstanding that sells for 92 percent of its ¥100,000 par value. The bond has a coupon rate of 5.1 percent paid annually and matures in 13 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.)

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Accounting Basics: The bond has a coupon rate of 51 percent paid annually and

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