Given the following information:

1-year zero-coupon Corporate yield: 13.5%

2-year zero-coupon Corporate yield: 15.25%

1-year zero-coupon Treasury bonds yield: 4.8%

2-year zero-coupon Treasury bonds yield: 5.25%

Assume periodicity of 1 (i.e. annual compounding) and also assume that the recovery rate expected by bondholders is zero.

A) What is this firms marginal probability of default in the first year?

B) Based on the information of question 5, what is the forward rate (f _1,2) between year 1 and year 2 for the corporate bonds?

C) Based on the information of question 5, what is the forward rate (f _1,2) between year 1 and year 2 for the treasury bonds?

D) Based on the information of question 5, what is the forward rate (f _1,2) between year 1 and year 2 for the treasury bonds?

E) Based on the information of question 11 14, what is this firms 2-year cumulative probability of default?

Enter the result in percentage points (For example, if you find 10.00% or 0.1, write 10 as the answer), round your answer to 2 decimal points