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Vodacom Inc. has issued zero - coupon corporate bonds with a 1 0 - year maturity. The bond has a face value of $ 1
Vodacom Inc. has issued zerocoupon corporate bonds with a year maturity. The bond has a face value of $ Investors believe there is a chance that the company will default on these bonds. If the company does default, investors expect to recover If investors require a expected return on their investment in these bonds, what is the yield to maturity on these bonds?
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