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Question Help mid-2009, Ralston Purina had AA-rated, six-year bonds outstanding with a yield to maturity of 3.82% At the time, similar maturity Treasuries had a

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Question Help mid-2009, Ralston Purina had AA-rated, six-year bonds outstanding with a yield to maturity of 3.82% At the time, similar maturity Treasuries had a yield of 2 82% If Ralston Purina's bonds were risk-free, what is your estimate of the expected return for hese bonds? If you believe Ralston Purina's bonds have 0.9% chance of default per year and that expected loss rate in the event of default is 37%, what is your estimate of the xpected return for those bonds? If Ralston Purina's bonds were risk-free, what is your estimate of the expected return for nese bonds? the estimate of the expected return for these bonds is % (Round to two decimal places.) ter your answer in the answer box and then click Check Answer. part remaining Clear All Final Check

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