Question: Help Save &I Che Problem 6-33 Credit Risk (LO5) Suppose thatCasino Royale has issued bonds that mature in 1 year They currently offer a yield

Help Save &I Che Problem 6-33 Credit Risk (LO5) Suppose thatCasino Royale has issued bonds that mature in 1 year They currently offer a yield of 27%. However, there is a 50% chance that Casino will default and bondholders will receive nothing What is the expected yield on the bonds? Assume these are a coupon bonds with annual compounding (Input the amount as a positive value and as a percent rounded to 1 decimal place.) ted yield is a of

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