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M Question Homework Credit Risk and the value of Corporate Credit Risk and the value of Corporate De... 6 Help Save Upsilon's assets have a

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M Question Homework Credit Risk and the value of Corporate Credit Risk and the value of Corporate De... 6 Help Save Upsilon's assets have a current market value of $230. Its debt has a face value of $125, and it matures in one year. Assume a risk-free rate of interest is 5%. Suppose that the standard deviation of the return on Upsilon's assets is 50%. Calculate the probability that the company will default. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Probability %

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