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As a loan officer for a finance company, you are considering a loan to an A-rated company. If you use the historical record to estimate

As a loan officer for a finance company, you are considering a loan to an A-rated company. If you use the historical record to estimate the mortality rate for A-rated loans to be 0.5% for both year 1 and year 2, what is the cumulative mortality rate of an A-rated loan for year 2

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