A risky bond promises to pay $3,000 at the end of two years. The bond has a risk neutral probability of default of 10%. If in default, the bond's residual payout will be $2,500. If the risk free rate is 5%, what is the yield to maturity on this bond?

In a minimal spanning tree, the source and destination nodes must be connected along a single path

Indicate whether this statement is true or false.

For the most part, the UCC is a "gap filler" and is only pertinent if the parties themselves do not supply a contract term, or the term is left open

a. True b. False Indicate whether the statement is true or false