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#13) The current 1 year treasury rate is 5.02% and the yield on a year corporate loan with a recovery rate of 60% is equal
#13) The current 1 year treasury rate is 5.02% and the yield on a year corporate loan with a recovery rate of 60% is equal to 7.16%. What is implied default probability assuming a competitive market in which the expected return on the corporate loan is equal to the risk-free rate?
enter the asnwer as a decimal.For example, 2% should be input as 0.02
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