Bond outstanding-what is the yield to maturity of this bond

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Reference no: EM13919334

A Japanese company has a bond outstanding that sells for 88 percent of its ¥100,000 par value. The bond has a coupon rate of 4.7 percent paid annually and matures in 18 years.

What is the yield to maturity of this bond? ( answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Reference no: EM13919334

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