Question
One year goverment bond yield of Germany is 3,2 % (the risk free rate) and the one year government bond of Alphaland is 3,0 %.
One year goverment bond yield of Germany is 3,2 % (the risk free rate) and the one year government bond of Alphaland is 3,0 %.
What is the implied probability of default of Alphaland for the next 12 monhts?
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
17th Edition
1119561175, 978-1119561170
