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11. Bank PHOENIX gives two one-year loans of N$20 million loan to MrA, and N$85 million to Mrs B. The joint probability of default for
11. Bank PHOENIX gives two one-year loans of N$20 million loan to MrA, and N$85 million to Mrs B. The joint probability of default for Mr A and Mrs B is 0.095. Mr A probability of default and LGD are respectively 0.3 and 35%. Mrs B probability of default and LGD are respectively 0.35 and 55%. Calculate bank PHOENIX one-year expected loss of default. 11. Bank PHOENIX gives two one-year loans of N$20 million loan to MrA, and N$85 million to Mrs B. The joint probability of default for Mr A and Mrs B is 0.095. Mr A probability of default and LGD are respectively 0.3 and 35%. Mrs B probability of default and LGD are respectively 0.35 and 55%. Calculate bank PHOENIX one-year expected loss of default
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