Question: QUESTION 9 Based on the formula derived in the slides on corporate securities, what is the appropriate coupon for a corporate bond with a 5%

QUESTION 9 Based on the formula derived in the slides on corporate securities, what is the appropriate coupon for a corporate bond with a 5% probability of default and a 40% expected recovery rate. Assume the risk-free rate is 246. (If your answer is 5.2546, enter 5.25.) QUESTION 9 Based on the formula derived in the slides on corporate securities, what is the appropriate coupon for a corporate bond with a 5% probability of default and a 40% expected recovery rate. Assume the risk-free rate is 246. (If your answer is 5.2546, enter 5.25.)
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