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Use an expected yield of 6% to price a 2 year 4% semiannual coupon bond that is 1000 par and the firm is expected to
Use an expected yield of 6% to price a 2 year 4% semiannual coupon bond that is 1000 par and the firm is expected to default a the time of the bond's maturity and will pay all coupons but only 46% of par. (Use semiannual compounding and please use 5 decimal places)
Don't do it on excel, please explain how to do this
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