Homework: Assignment #3 (Chs 5-6) What will be the price of these bonds? The price of these bonds is $ Question 9, P6-28 (similar to) Part 1 of 2 (Round to the nearest cent.) HW Score: 0%, 0 of 15 points O Points: 0 of 1 Grummon Corporation has issued zero-coupon corporate bonds with a five-year maturity (assume $100 face value bond). Investors believe there is a 20% chance that Grummon will default on these bonds. If Grummon does default, investors expect to receive only 70 cents per dollar they are owed. If investors require a 6% expected return on their investment in these bonds, what will be the price and yield to maturity on these bonds? Note: Assume annual compounding. Save