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please help Upsilon's assets have a current market value of $300. Its debt has a face value of $160, and it matures in one year.
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Upsilon's assets have a current market value of $300. Its debt has a face value of $160, and it matures in one year. Assume a riskfree rate of interest is 5%. Suppose that the standard deviation of the return on Upsilon's assets is 50%. Calculate the probability that the company will default. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correctStep by Step Solution
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