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1. A portfolio of bonds consists of five bonds whose default correlation is zero. The one-year probabilities of default of the bonds are: 2%, 4%,

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1. A portfolio of bonds consists of five bonds whose default correlation is zero. The one-year probabilities of default of the bonds are: 2%, 4%, 5%, 10% and 15%. What is the one-year probability of no default within the portfolio? (final answer) * (3 Points) 0.6837 (68.3796)

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