For B-rated borrower, S&P gives cumulative default probabilities of 6.24 and 14.33 percent for a 1- and

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For B-rated borrower, S&P gives cumulative default probabilities of 6.24 and 14.33 percent for a 1- and 2-year horizon, respectively. Compute the (marginal) probability that this borrower will default during year 2.

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Question Posted: May 03, 2016 02:24 AM

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For B-rated borrower, S&P gives cumulative default probabilities of 6.24 and 14.33 percent for a 1- and

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