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The YTM of ABC bonds, based on the current price, is 5.59%. The bonds are 9 year, 12% coupon. Investors believe that ABC will make

The YTM of ABC bonds, based on the current price, is 5.59%. The bonds are 9 year, 12% coupon. Investors believe that ABC will make all of the future coupon payments as planned, but will only be able to pay 80% of the face value when the bonds mature. If they buy the bond today what is the actual YTM investors expect to receive?

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