A Japanese company has a bond outstanding that sells for 96.318 percent ¥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: 5 Settlement date 7 Maturity date 8 Annual coupon rate 9 Coupons per year 10 Redemption value (% of par) 11 Bond price (% of par) 12 1/1/2020 1/1/2036 3.40% 1 100 96.318 13 (Use cells A6 to B11 from the given information to complete this question. You must use the built- 14 answer this question. Leave the "Basis" input blank in the function.) 15 16 Output area: 17 18 Yield to maturity 19
A Japanese company has a bond outstanding that sells for 96.318 percent ¥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: 5 Settlement date 7 Maturity date 8 Annual coupon rate 9 Coupons per year 10 Redemption value (% of par) 11 Bond price (% of par) 12 1/1/2020 1/1/2036 3.40% 1 100 96.318 13 (Use cells A6 to B11 from the given information to complete this question. You must use the built- 14 answer this question. Leave the "Basis" input blank in the function.) 15 16 Output area: 17 18 Yield to maturity 19
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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