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Answer with explanation in your own words and dont copy paste Stacy Smith is trying to forecast the potential loss on a loan her firm

Answer with explanation in your own words and dont copy paste

Stacy Smith is trying to forecast the potential loss on a loan her firm made to a midsize corporate borrower. She determines that there will be a 75% loss if the borrower does not perform the financial obligation. This is the: A. Probability of default. B. Loss given default. C. Expected loss. D. Exposure at default.

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