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A $3,000,000,000 bond with coupon j2 = 15% maturing in 12 years can be redeemed after 4 years at 108 and after 8 years at

A $3,000,000,000 bond with coupon j2 = 15% maturing in 12 years can be redeemed after 4 years at 108 and after 8 years at 105. Calculate the bond price guarantees investors get a minimum yield of 16%. Also calculate the maximum yield bias obtained by investors

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