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1. Suppose a firm with a value of $60 million has a bond outstanding with a face value of 545 million that matures in 3

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1. Suppose a firm with a value of $60 million has a bond outstanding with a face value of 545 million that matures in 3 years, the current interest rate is 7% and the volatility of the firm is 35% what is the probability that the firm will default on its debt if the expected return on the firm. H. is 25%?* (8 Points) Enter your

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