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Investor A buys a 20 year, 5% annual coupon bond, with an YTM = 6,5%, expecting to have a return equal to 12% per year

Investor A buys a 20 year, 5% annual coupon bond, with an YTM = 6,5%, expecting to have a return equal to 12% per year over a four years period (internal rate of return - IRR). With this information, one can say that the expected YTM four years from now is ?

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