You own a bond with an annual coupon rate of 6 maturing in, Financial Management

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You own a bond with an annual coupon rate of 6 maturing in

You own a bond with an annual coupon rate of 6% maturing in two years and priced at 88%. Suppose the probability is 11% that at maturity the bond will default and you will receive only 41% of the promised payment. Assume a face value of $1,000

What is the bonds expected yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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Financial Management: You own a bond with an annual coupon rate of 6 maturing in

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Financial Management: You own a bond with an annual coupon rate of 6 maturing in

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