Multiple Choice
Consider the case of ABC Company.The company's marginal probability of default in year 1 is 0.03 and 0.08 in year 2.What is ABC Company's cumulative default probability (round to two decimals) ?
A) 14.00%
B) 11.00%
C) 99.76%
D) 10.76%
Correct Answer:
Verified
Correct Answer:
Verified
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