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NCU Fin-560 Bond homework Verizon Cellular company has bond priced at $1095. Their bond has five years until it's maturity and a six % annual

NCU Fin-560 Bond homework

Verizon Cellular company has bond priced at $1095. Their bond has five years until it's maturity and a six % annual coupon payment. Considering Verizon's risk free rate is equal to 1.5% what is their default risk premium.

A) 2.374%

b)4%

c)2.874%

D) 3.874%

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