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Probler 12-16 Question Help In mid 2009, Ralston Purina had AA-rated, six-year bonds outstanding with a yield to maturity of 427%. At the time, similar maturity Treasures had a yield of 3% a. If Ralston Purina's bonds were risk-free, what is your estimate of the expected return for these bonds? b. If you believe Ralston Purina's bonds have 1.3% chance of default per year and that expected loss rate in the event of default is 35%, what is your estimate of the expected return for these bonds? a. If Ralston Purina's bonds were risk-free, what is your estimate of the expected return for these bonds? The estimate of the expected return for these bonds is % (Round to two decimal places.) ? Enter your answer in the answer box and then click Check Answer Final Check Clear All 1 part remaining O ch