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natta225 [31]
3 years ago
6

A Japanese company has a bond outstanding that sells for 87 percent of its ¥100,000 par value. The bond has a coupon rate of 4.3

percent paid annually and matures in 18 years. What is the yield to maturity of this bond?
Business
1 answer:
PSYCHO15rus [73]3 years ago
8 0

Answer:

YTM = 12.66%

Explanation:

FV = ¥100,000

PV = 0.87 x  ¥100,000

PV=  ¥87,000

Coupon payment = 4.3% x ¥100,000

Coupon payment = ¥4300 per year

N = 18 years

YTM = ?

We would simply plug these values into a financial calculator

https://www.calculator.net/finance-calculator.html?ctype=returnrate&ctargetamountv=1000000&cyearsv=18&cstartingprinciplev=87000&cinterestratev=6&ccontributeamountv=4300&ciadditionat1=end&printit=0&x=0&y=0

YTM = 12.66%

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