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4. You are analyzing a corporate bond with the following characteristics. It has a $1,000 face value, 10 years to maturity, carries a 20% coupon

4. You are analyzing a corporate bond with the following characteristics. It has a $1,000 face value, 10 years to maturity, carries a 20% coupon (paid annually) and it will sell at a price of 850. What is the yield to maturity?

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