1. The probability of default for the company over the next 5 years is 11%, and the recovery rate if the company defaults is likely to be 74% What is the expected loss in $ for a 5-year bond with a par value of $2007 Be precise to 2 decimal places. Testion 14 4 pts Orice of a callable bond with the current yield curve is 100. If the yield curve moves down 20 bps, the bond's price is 100.453. If the yield emoves up 20 bps, the bond's price is 99.72. What is the one sided down (left) duration of the bond