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You are analyzing a bond issued by Tesla Motors. You estimate that the bond has a 40% chance of being priced at $950 and a

You are analyzing a bond issued by Tesla Motors. You estimate that the bond has a 40% chance of being priced at $950 and a non-callable bond has 60% chance of being priced at $1,050 one year from today. However, the bond under review is callable at any time at $1,010. What is the expected value of this bond in one year

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