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please help solve with steps! Suppose interest rate for one year zero coupon Treasury bond is i=5%, and the interest rate for one-year corporate bond

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Suppose interest rate for one year zero coupon Treasury bond is i=5%, and the interest rate for one-year corporate bond is k=8%. Estimate the (risk neutral) default probability assuming the recovery rate is 0.3. a. 0.97% b. 2.97% c. 3.97% d. 1.97%

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