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Assume the interest rate in the market for one-year zero-coupon government bonds is 4.1% and the rate for one-year zero-coupon grade BBB bonds is 9.9%.

Assume the interest rate in the market for one-year zero-coupon government bonds is 4.1% and the rate for one-year zero-coupon grade BBB bonds is 9.9%. The implied probability of default on the corpor...

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