What is the expected return on the bond

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Question: A bond with a $1000 face value, paying 10% coupon rate and one year to mature is selling at 98 (98% of the face value). The issuing company faces 30% default probability paying 40 cents on a dollar. What is the expected return on the bond? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131947216

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