A junk bond with a beta of $0\mathrm{.}4$ will default with $20\%$ probability. If it does, investors receive only $60\%$ of what is due to them. The risk$-$free rate is $3\%$ per annum and the risk premium is $5\%$ per annum. What is the price of this bond, its promised rate of return, and its expected rate of return?