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What is the yield to maturity of this corporate bond assuming that for every payment, including the maturity par value payment, the probability of default
What is the yield to maturity of this corporate bond assuming that for every payment, including the maturity par value payment, the probability of default is 2% and the loss given default is 45% 1. Coupon =$60 2. 10yrs to maturity 3. Cost of $1,035 4. Par value of $1,000
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