7.25 Deep Discount Bonds On January 1, 2010 ABC Limited issues a 20-year deep discount bond maturing on December 31, 2030. The par value of the bond is 100000 and it was issued at 10000. On January 1, 2019 the bond was trading at 30,040. What was the implicit yield at the time of issues? What is the return to an investor who bought at the time of issue and sold on January 1, 2019? What return can an investor who buys on January 1, 2019 and holds it till maturity expect? Assume that there will be no default