You are considering buying a risky bond. The bond has a $1,000 face value, a 1-year maturity, and a coupon rate of 6\%. Coupon payments are made annually. You believe the probability the company will survive to pay off the bond is 75%. You also believe there is a 25% probability the company will default in which case you will be able to recover 15% of the bond's face value at the end of year 1 . The bond is selling for $925. a. Calculate the expected annual return on this bond. b. Use Goal Seek or Solver to determine the probability of survival that would yield an expected annual return of 8%. c. Use Goal Seek or Solver to determine the coupon rate that would yield an expected annual return of 4%. You are considering buying a risky bond. The bond has a $1,000 face value, a 1 -year maturity, and a coupon rate of 6%. Coupon payments are made annually. You believe the probability the company will survive to pay off the bond is 75%. You also believe there is a 25% probability the company will default in which case you will be able to recover 15% of the bond's face value at the end of year 1 . The bond is selling for $925. a. Calculate the expected annual return on this bond. b. Use Goal Seek or Solver to determine the probability of survival that would yield an expected annual return of 8%. c. Use Goal Seek or Solver to determine the coupon rate that would yield an expected annual return of 4%