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17. If a bond, due to mature in 3 years, has a credit rating of D today, what will be its payoff next year in

17. If a bond, due to mature in 3 years, has a credit rating of D today, what will be its payoff next year in if we are calculating its Expected Return?

a. Q

b. 1+Q

c.

d.

e. None of the above

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