Question: Current Attempt in Progress X Your answer is incorrect. When Blossom Corp. issued its 6 0 - day commercial paper, the promised yield was 1

Current Attempt in Progress X Your answer is incorrect. When Blossom Corp. issued its 60-day commercial paper, the promised yield was 11.0 percent, whereas the 60-day T -bill yield was 5.1 percent. There is a 1-percent chance that Blossom will default on this debt. If investors were willing to pay the full par-value amount \((\$ 1,000)\) to purchase the paper, how much do they expect to recover in the event of a default? (Round intermediate calculations to 4 decimal places, e.g.0.4235 and final answer to 2 decimal places, eg.5,275.75.)
Current Attempt in Progress X Your answer is

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