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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 11.0%

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 11.0% The implied probability of repayment on the corporate bond is?

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