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A project will have one of the following time 1 payolls, each with the corresponding probability. 553 with probability 5% $376 with probability 58%. S482

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"A project will have one of the following time 1 payolls, each with the corresponding probability. 553 with probability 5% $376 with probability 58%. S482 otherwise. The discount rate is 7.8%. Debtholders contribute $108 at time 0 to finance the project. What is the defoult premium on the debt? Give your answer in percontage to closest 0.1 percent

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