Suppose that investors believe that castles can make good on the promised coupon payments but that the company will go bankrupt when the bond matures and the principal comes due. the expectation is that investors will receive only 85% of face value at maturity. if they buy the bond today, what yield to maturity do they expect to receive?
yield to maturity = %

Rosie and her brother michael decided recently to purchase an rv together. they both want to use the rv to take their families camping. the price of the rv was $10,000. since michael expects to use the rv 60% of the time and rosie 40% of the time, michael contributed $6,000 and rosie contributed $4,000. their ownership percentage equals their contribution percentage. which type of property titling should they use to reflect their ownership interest?