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Problem 10 Intro An investment costs $800 and offers a payoff of $1,000 with probability p and 0 with probability 1-p. Time-equivalent Treasuries offer an

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Problem 10 Intro An investment costs $800 and offers a payoff of $1,000 with probability p and 0 with probability 1-p. Time-equivalent Treasuries offer an interest rate of 4%. | Attempt 3/3 for 6 pts. Part 1 What is the probability of default? 2+ decimals Submit

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