A bond has an expected yield-to-maturity of 6% and an 10% probability of default. If the bond defaults, the bondholders should receive 80% of the market value. If fairly priced, the bond should have a promised yield-to-maturity of A. Show the Formula (0.2 point) B. Show the Steps (0.2 point) C. Present the Answers ( 0.1 point)