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Award: 10.00 points Suppose that Casino Royale has issued bonds that mature in 1 year of 20%. However, there is a 50% chance that o.

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Award: 10.00 points Suppose that Casino Royale has issued bonds that mature in 1 year of 20%. However, there is a 50% chance that o. However, there is a 50% chance that casino will default and bondholders will receive bonds that mature in 1 year. They currently offer a yield nothing. What is the expected yield on the bonds? Assume these are zero annual compounding. (Input the amount as a positive value and as a percent Assume these are zero coupon bonds with decimal place.) % Tof Expected yield is a

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