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Community Bank of Mdantsane has an R800 million loan with Makhanda Civil Works with a maturity of one and half years. The expected loss on
Community Bank of Mdantsane has an R800 million loan with Makhanda Civil Works with a maturity of one and half years. The expected loss on the loan is R11.2 million and the recovery rate is assumed to be 23%. Calculate the probability of default for the Community Bank of Mdantsane's loan to Makhanda Civil Works
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International Financial Reporting Standards An Introduction
Authors: Belverd Needles, Marian Powers
2nd edition
053847680X, 978-1111793234, 1111793239, 978-0538476805
