Homework Answers
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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Problem 8-6 Bond Yields A Japanese company has a bond outstanding that sells for 94 percent...
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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 5 percent paid annually and matures in 12 years. What is the yield to maturity of this bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
A Japanese company has a bond outstanding that sells for 91 percent of its ¥100,000 par value.
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