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Problem 8-6 Bond Yields A Japanese company has a bond outstanding that sells for 94 percent of its $100,000 par value. The bo

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Answer #1

Yield to maturity is calculated using the RATE function as follows:-

=RATE(nper,pmt,pv,fv)

=RATE(15,5.3%*100000,-94%*100000,100000)

=5.91%

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