A fruit company has 10% returns in periods of normal rainfall and -3% returns in droughts. The probability of normal rainfall is 40% and droughts 60%. What would the fruit company's expected returns be? 2. AT&T 10-year, 6% annual coupon rate, $1,000 par value bond is selling at $1,120. Interest on this bond is paid annually. Calculate both approximate yield to maturity and exact yield to maturity? ch