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please do it in 20 minutes please urgently... I'll give you up thumb definitely Intro A bond matures in one year and has a face
please do it in 20 minutes please urgently... I'll give you up thumb definitely
Intro A bond matures in one year and has a face value of $1,000 which it will pay with a probability of 95% in one year. With a probability of 5%, the bond will default, and the bondholders will only recieve $200. (There are no interim coupon payments.) The bond is currently selling for $860 (REMINDER - Answer any percentage questions as a decimal.) Attempt 1/1 Part 1 What is the promised return on the bond? (i.e. the return if the bond pays it's $1,000 face value as promised.) 3+ decimals SaveStep by Step Solution
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