Calculate value of 6% 1-year bond priced at par value of $1,000, given 40% chance...
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Calculate value of 6% 1-year bond priced at par value of $1,000, given 40% chance that company will go into bankruptcy and only pay $308.8 instead of promised amount. Show your work (you can type or upload picture of solution in the textbox, below the answer field). Note: Write the final answer in the Answer field. Include at least three digits after the decimal point. Do NOT enter any symbols in the answer field, like "=","9" or "$
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