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Marks plc takes out a loan from Trend bank for 10 million (EAD) and pledges 3 million cash collateral against this loan. If the firm's

Marks plc takes out a loan from Trend bank for 10 million (EAD) and pledges 3 million cash collateral against this loan. If the firm's probability of default is 99%, what is the bank's credit risk or expected loss?

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