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    Exam 24: Credit Risk
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    A Hazard Rate Is 1% Per Annum
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A Hazard Rate Is 1% Per Annum

Question 2

Question 2

Multiple Choice

A hazard rate is 1% per annum.What is the probability of a default during the first two years?


A) 2.00%
B) 2.02%
C) 1.98%
D) 1.96%

Correct Answer:

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