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no plagiarism please Q2. ThermoCL corporation has a Total Assets of $2,500 and Total Liabilities of $2,350. EBITDA of the company is $242. If the

no plagiarism please

Q2. ThermoCL corporation has a Total Assets of $2,500 and Total Liabilities of $2,350. EBITDA of the company is $242. If the Net Income is $125, what is the Probability of Default of this firm? Show your steps in your solution. (30 MARKS)

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