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1 pts Suppose you invest in a one-year bond that has an annual coupon rate of 6% and YTM of 27%. The bond has a

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1 pts Suppose you invest in a one-year bond that has an annual coupon rate of 6% and YTM of 27%. The bond has a face value of $1,000. You have calculated that the bond has a 26% chance of default. In case of default, you will not collect the coupon and will recover $500 of the face value. What is your expected return from investing in this bond? (Hint: You first need to calculate the current bond price and the return in case of default.) Put the expected return in percentages! If you calculate 0.1122 - 11.22%, put in 11.22 as your

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