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Consider the following yield curve: Treasury Bill BBB-rated Bond 1 year 59 9.8% 2 years 4% 11.8% Calculate the marginal probability of default for the

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Consider the following yield curve: Treasury Bill BBB-rated Bond 1 year 59 9.8% 2 years 4% 11.8% Calculate the marginal probability of default for the first year. (Instruction: please put your answer in decimals (not in percentage points) and round your answer to the nearest 3 decimal places.)

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