What is the present value of given bond, Accounting Basics

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What is the present value of given bond

Question:

A $100 notional, zero-coupon bond has one year to expiry. The probability of default is 10%. In the event of default, assume that the recovery rate is 40%. The continuously compounded discount rate is 5%. What is the present value of this bond?

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Accounting Basics: What is the present value of given bond

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