Suppose an FI manager wants to find the probability of default on a two-year loan. For the

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Suppose an FI manager wants to find the probability of default on a two-year loan. For the one-year loan, 1  p1  0.03 is the marginal and total or cumulative probability ( Cp ) of default in year

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Financial Institutions Management

ISBN: 9780078034800

8th Edition

Authors: Anthony Saunders, Marcia Cornett

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