Maturity	Pure Discount Treasure Yields	B-rated Corporate Bond Yields (Pure Discount Bonds)
1 year	3 percent	6 percent
2 year	7 percent	10 percent

What is the expected probability of default in year 2 of two-year maturity B-rated debt?

Round your answer to the nearest three decimal places. If the answer is 0.12345, that's 12.345%, then you should enter 12.345 . There is no need to include the % sign.