Question: You are evaluating a one year zero coupon bond, which you estimate has a 4 percent default probability. The current risk free rate is 1

You are evaluating a one year zero coupon bond, which you estimate has a 4 percent default probability. The current risk free rate is 1 percent. In case of default, similar bonds usually recover 46 pennies on the dollar owed. What rate of return would you require, at a minimum, on this investment? Enter answer in percents, accurate to two decimal places

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