12. Predicting default probability (S24.3) Company X has borrowed $150 maturing this year and $50 maturing in
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12. Predicting default probability (S24.3) Company X has borrowed $150 maturing this year and $50 maturing in 10 years. Company Y has borrowed $200 maturing in five years. In both cases, asset value is $140. Sketch a scenario in which X does not default but Y does.
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Related Book For 
Principles Of Corporate Finance
ISBN: 9781264080946
14th Edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans
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