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A bond with the following features: face value=$12,000, annual interest payment=$1800. The bond is currently a discount bond . The yield to maturity of this
- A bond with the following features: face value=$12,000, annual interest payment=$1800. The bond is currently a discount bond. The yield to maturity of this bond should most likely be:
- Below 6.6%
- Between 12% and 15%
- Below 15%
- Exactly 12%
- None of the above
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