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Use a YTM of 5% to price a 5 year 3%annual coupon bond that is 1000 par and the firm is expected to default at
Use a YTM of 5% to price a 5 year 3%annual coupon bond that is 1000 par and the firm is expected to default at the time of the bonds maturity and will pay all coupons but only 50% of par.
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