Multiple Choice
Which of the following statements is true?
A) Marginal mortality rate is the historic default rate experience of a bond or loan.
B) The mortality rate is the probability of a bond or loan defaulting over a specified multi-year period.
C) Marginal mortality rate is the probability of a bond or loan defaulting in any given year of issue.
D) Marginal mortality rate is the probability of a bond or loan defaulting over a specified multi-year period.
Correct Answer:
Verified
Correct Answer:
Verified
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