Ajapanese company has a bond outstanding that sells for 85 percent of its ¥100,000 par value. the bond has a coupon rate of 4.4 percent paid annually and matures in 15 years. what is the yield to maturity of this bond? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) yield to maturity % ? ? can you show the answer and the work how to do it with my baii plus calculator ?

YTM 5.94%

Explanation:

The yield to maturity is the rate at which the present value of the bonds coupon payment and maturity matches the current bond price:

The coupon payment is an ordinary annuity

Coupon payment:4,400 (100,000Y x 4.4%)

time15 years

rate0.059382123

PV42,906.9498Y

Maturity 100,000.00Y

time   15.00

rate  0.059382123

PV   42,093.05Y

PV c42,906.9498Y

PV m42,093.0502Y

Total85,000Y

This is done with excel using goal seek tool or with a financial calculator.

answer; ///i believe the correct two answer are (1) paid in capital; and (2) earned   capital; good luck

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