Some help and explanation will be great

Question 9 4 points Save Answer Your boss asks you to determine the fair market value of a bond. The following information is available about this bond: the bond contract specifies only one payment of $330 million in one year. The firm defaults on this contract with 5% probability, but you do not have information on the payment bondholders will receive in the event of default. The yield to maturity on comparable bonds trading in the market is 10%, and the firm's cost of debt rd (expected return) is 8%. The best answer to your boss is that the fair value of the bond is: a. More than 324 million b. 324 million c. More than 300 million and less than 324 d. 300 million e. More than 270 million and less than 300 million f. 270 million O g. Less than 270 million Oh. There is not enough information to determine the fair market value, since we do not know what the actual payment will be none of the above