Show the relevant cash flow value equation for each answer You must provide one or two brief sentences explaining your result For each of the parts display the appropriate cash flow value equation a

Show the relevant cash flow value equation for each answer You must provide one or two brief sentences explaining your result For each of the parts display the appropriate cash flow value equation a

Show the relevant cash flow value equation for each answer You must provide one or two brief sentences explaining your result  For each of the  parts display the appropriate cash flow value equation and give the one or twoline explanation of the logic of your results

Investors are evaluating two bonds at time t in an emerging financial crisis setting where there is an increasing likelihood of default Assume the following values over time for the probability of default z of the two bonds issued respectively by companies A and B