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The ABC company has just issued a bond with a 12% coupon and 20 years to maturity The bond has a par value of $1,000

The ABC company has just issued a bond with a 12% coupon and 20 years to maturity The bond has a par value of $1,000 and pays interest semiannually. If you purchase the bond for $800 and hold it until maturity, what will be the yield to maturity

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