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A corporate bond matures in one vear. The bond promises a coupon of $ 5 0 and principal of $ 1 . 0 0 0

A corporate bond matures in one vear. The bond promises a coupon of $

50

and principal of $

1.000

at maturitv. If the bond has a

10

percent probabilitv of default and payment under default is $

400 .

calculate the expected pavment from the bond

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