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Septeos Septeos
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A month ago
When Collingwood Corp. issued its 60-day commercial paper the promised yield was 9%, whereas the 60-day T-bill yield was 6%. There is a 2% chance that Collingwood will default on this debt. If investors were willing to pay the full par value amount ($1,000) to purchase the paper, how much do they expect to recover in the event of a default?
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Corporate Finance

Corporate Finance


Edition: 5th
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Ranim_SaleemRanim_Saleem
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Septeos Author
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A month ago
Thanks
rene_ram97
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Yesterday
You make an excellent tutor!
decibul
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2 hours ago
Thanks for your help!!
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