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3. Suppose you purchased a bond with the price of $3000. the par value of the bond is $2200, the coupon rate is 12%, the

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3. Suppose you purchased a bond with the price of $3000. the par value of the bond is $2200, the coupon rate is 12%, the interest is paid annually, the principle will be paid when comes to the maturity. If you hold the bond until to the maturity, please calculate the yield to maturity

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