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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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