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A bond is issued on the market at 60. Its nominal value is 100 and its coupon 8% per year with interest paid annually. What

A bond is issued on the market at 60. Its nominal value is 100 and its coupon 8% per year with interest paid annually. What name is used to describe such a bond? What it its yield to maturity (at issue and to the nearest percent) if it has a life of three years from issue?

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