What is the expected loss given default

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Problem 1: A three-year bond price is 98.60, the coupon rate is 7% and the bond pays interest annually, the yield-to-maturity is closest to:

Problem 2: Consider a 1-year, 10% annual payment corporate bond priced at par value. If the recovery rate is 30%, what is the expected loss given default?

Reference no: EM132999970

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