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Mathematics, 30.06.2021 19:40 adrianawalker16
Suppose that casino royale has issued bonds that mature in 1 year. They currently offer a yield of 20%. However, there is a 50% chance that casino will default and bondholders will receive nothing. What is the expected yield on the bonds?
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Suppose that casino royale has issued bonds that mature in 1 year. They currently offer a yield of 2...
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