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According to Moody's, particular bond issue for firm A has a default probability of 7%, and an expected recovery rate of 35%. What is the

According to Moody's, particular bond issue for firm A has a default probability of 7%, and an expected recovery rate of 35%. What is the expected loss of this issue?

Round your answer to 4 decimal places. For example if your answer is 3.205%, then please write down 0.0321.

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