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Given an interest rate of 2.91% for a 10 year German bund and the spreads in case Exhibit 10 at the end of2010. What is

Given an interest rate of 2.91% for a 10 year German bund and the spreads in case Exhibit 10 at the end of2010.


What is the range of market implied probabilities of default for Portugal, Italy, Ireland, Greece, and Spainwithin the next year?

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