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Estimate the probability of defaulting and assume the following: Equity Value: $6 million Debt: $5 million Equity Volatility 20% Interest Rates: 1% Estimate the probability

Estimate the probability of defaulting and assume the following:

Equity Value: $6 million

Debt: $5 million

Equity Volatility 20%

Interest Rates: 1%

Estimate the probability of defaulting

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