6. In Problem 3, Set 17.1a, (a) Determine the expected number of quarters until a debt is...
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6. In Problem 3, Set 17.1a,
(a) Determine the expected number of quarters until a debt is either repaid or lost as bad debt.
(b) Determine the probability that a new loan will be written off as bad debt. Repaid in full
(c) If a loan is six months old, determine the number of quarters until its status is settled.
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