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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 zero-coupon corporate bonds with a 10-year maturity. The bond has a face value of $1,000. Investors believe there is a 25% chance that the company will default on these bonds. If the company does default, investors expect to recover 34%. If investors require a 5,30% expected return on their investment in these bonds, what is the yield to maturity on these bonds?

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