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A) *The interest rate is 6.3%. A company wants to sell aone-year bond for $1000 today. There is a 1% chance the companywill default on
A) *The interest rate is 6.3%. A company wants to sell aone-year bond for $1000 today. There is a 1% chance the companywill default on its bond and only be able to repay 91% of the $1000principal a 2 answers
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Business Statistics Communicating With Numbers
Authors: Sanjiv Jaggia, Alison Kelly
2nd Edition
0078020557, 978-0078020551
