Q6.29. Now assume that the financial instrument from Q 6.28 costs $100. 1. What is its expected rate of return? 2. If the prevailing interest rate on time-equivalent Treasuries is 10%, and if financial default hap- pens either completely (i.e., no repayment) or not at all (i.e., full promised payment), then what is the probability p that the security will pay off? In other words, assume that full repay- ment occurs with probability p and that zero repayment occurs with probability 1-p. What is the p that makes the expected rate of return equal to 10%?