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If we assume that rating outcomes are independent of each other, what is the joint probability of an BBB bond staying BBB and a CCC
If we assume that rating outcomes are independent of each other, what is the joint probability of an BBB bond staying BBB and a CCC bond staying CCC at the end of one year?
Write your answer as a percentage rounded to decimals ie five percent should by types in as
Oneyear transition matrix
tabletableInitialratingRating at yearend AAAAAABBBBBBCCCDefaultAAAAAABBBBBBCCC
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