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Please solve this in Excel and show the process. Bond Z, which is an annual coupon bond, has one year left to maturity. The coupon

Please solve this in Excel and show the process.

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Bond Z, which is an annual coupon bond, has one year left to maturity. The coupon rate is 6% and the face value is $1,000. The issuer has a 12% probability of default. If the expected return is 8% and the default risk premium is 3.70%, what is the expected recovery (dollar) amount in case of default? \begin{tabular}{c} $786.10 \\ \hline$806.20 \\ \hline$739.60 \\ \hline$767.40 \\ \hline$753.20 \end{tabular}

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