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(10 points) Suppose that you are presented with a twenty-year $1,000 bond selling for $800 with a current yield of 15% and a one- year

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(10 points) Suppose that you are presented with a twenty-year $1,000 bond selling for $800 with a current yield of 15% and a one- year $1,000 bond selling for $800 with a current yield of 5%. Which bond has a higher yield to maturity? Show all your calculations for credit

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