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Popeyes issues zero cupouon bonds with a 5 year maturity ($100 face vaule bond). investors believe its a 35% chance these bonds will default. investors

Popeyes issues zero cupouon bonds with a 5 year maturity ($100 face vaule bond). investors believe its a 35% chance these bonds will default. investors expect 35 cents a dollar owned . if investors require 6% return. (annual compounding )

1. what will be the price of these bonds?

2. what is the maturity rate?

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