A B CDE A Japanese company has a bond outstanding that sells for 96.318 percent of its 2 ¥100,000 par value. The bond has a coupon rate of 3.4 percent paid annually and matures in 16 years. What is the yield to maturity of this bond? 3 4 5 6 Settlement date 7 Input area: Maturity date Annual coupon rate Coupons per year Redemption value (% of par) Bond price (% of par) 1/1/2020 1/1/2036 3.40% 15 16 Output area: 17 18 Yield to maturity F 100 96.318 G 8 9 10 11 12 13 (Use cells A6 to B11 from the given information to complete this question. You must use the built-in Excel function to answer this question. Leave the "Basis" input blank in the function.) 14 H
A B CDE A Japanese company has a bond outstanding that sells for 96.318 percent of its 2 ¥100,000 par value. The bond has a coupon rate of 3.4 percent paid annually and matures in 16 years. What is the yield to maturity of this bond? 3 4 5 6 Settlement date 7 Input area: Maturity date Annual coupon rate Coupons per year Redemption value (% of par) Bond price (% of par) 1/1/2020 1/1/2036 3.40% 15 16 Output area: 17 18 Yield to maturity F 100 96.318 G 8 9 10 11 12 13 (Use cells A6 to B11 from the given information to complete this question. You must use the built-in Excel function to answer this question. Leave the "Basis" input blank in the function.) 14 H
Chapter14: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 7DTM
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![2
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5
6779
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A
B
D
A Japanese company has a bond outstanding that sells for 96.318 percent of its
¥100,000 par value. The bond has a coupon rate of 3.4 percent paid annually
and matures in 16 years. What is the yield to maturity of this bond?
Input area:
Settlement date
Maturity date
Annual coupon rate
Coupons per year
Redemption value (% of par)
Bond price (% of par)
16 Output area:
17
18
1/1/2020
1/1/2036
3.40%
Yield to maturity
1
100
96.318
F
G
12
13 (Use cells A6 to 811 from the given information to complete this question. You must use the built-in Excel function to
14 answer this question. Leave the "Basis" input blank in the function.)
15
H](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F406353d0-220b-4f14-a827-f708c9468eea%2F783a9ce5-97e6-47df-b363-4f554a6bc67d%2F5whmycp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2
3
4
5
6779
8
9
10
11
A
B
D
A Japanese company has a bond outstanding that sells for 96.318 percent of its
¥100,000 par value. The bond has a coupon rate of 3.4 percent paid annually
and matures in 16 years. What is the yield to maturity of this bond?
Input area:
Settlement date
Maturity date
Annual coupon rate
Coupons per year
Redemption value (% of par)
Bond price (% of par)
16 Output area:
17
18
1/1/2020
1/1/2036
3.40%
Yield to maturity
1
100
96.318
F
G
12
13 (Use cells A6 to 811 from the given information to complete this question. You must use the built-in Excel function to
14 answer this question. Leave the "Basis" input blank in the function.)
15
H
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