**Question 70**
A Japanese bond has a 4.5% coupon and a current price of $101. This bond has five years remaining until maturity. What is its yield? | Financial Risk Manager Part 1 Quiz - LeetQuiz
Financial Risk Manager Part 1
Explanation:
Japanese bonds use a simple yield, which does not factor in the effects of compounding. The answer is shown here.
yield=1014.5+(101×5)(100−101)=4.26%
(Book 4, Module 57.2, LO 57.g)
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Question 70
A Japanese bond has a 4.5% coupon and a current price of $101. This bond has five years remaining until maturity. What is its yield?
