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Risky Business' outstanding debt is 5% bonds, paying interest annually and maturing one year from today. The bonds currently sell for $551 per $1,000 par

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Risky Business' outstanding debt is 5% bonds, paying interest annually and maturing one year from today. The bonds currently sell for $551 per $1,000 par value. The company is experiencing severe financlal difficulties and analysts predict that there is a 62% probability that the company will go bankrupt within the yeat. If bankruptcy occurs, bondholders are predicted to recelve only 29% of the promised cash flow (principal plus coupon). a. What is the current promised yield to maturity (assuming that bondholders recelve all promised)? (Round your answer to 1 decimal place. Use minus sign to enter negative values, if any.) cuerent yield to maturity b. What is the current yleld to maturity assuming that default occurs? (Round your onswer to 1 decimol place. Use minus sign to enter negative values, if any.) Current yield to eaturity c. What is the current expected yield to maturity? (Round your onswer to 2 decimal ploces. Use minus sign to enter negative values. if any.)

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