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Mr. Marcus Garvey bought 300 bonds of XYZ Company's 30 year 8% coupon bond when it was issued 3 years ago. While the bond was

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Mr. Marcus Garvey bought 300 bonds of XYZ Company's 30 year 8% coupon bond when it was issued 3 years ago. While the bond was issued at pat, the yield to maturity on the bond has now risen to 12% XYZ bonds are traded on the OTC market identify the borrower in this transaction

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