The bond has the coupon rate of 480 percent paid annually

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Dinero Bank offers you a $59,000, four-year term loan an annual interest rate of 7 percent. What will your annual loan payment be? A Japanese company has a bond outstanding that sells for 89 percent of its ¥100,000 par value. The bond has a coupon rate of 4.80 percent paid annually and matures in 19 years. What is the yield to maturity of this bond?

Reference no: EM13477401

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