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4. Assume a one-year T-Bill is currently yielding 6 percent, and an AAA-rated discount bond with similar maturity is yielding 9 percent. If the expected

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4. Assume a one-year T-Bill is currently yielding 6 percent, and an AAA-rated discount bond with similar maturity is yielding 9 percent. If the expected recovery from collateral in the event of default is 60 percent of principal and interest, what is the probability of repayment bf the AAA-rated bond? What is the probability of default

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