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QUESTION 10 Based on the formula derived in the slides on corporate securities, what is the appropriate credit spread for a corporate bond with a

QUESTION 10 Based on the formula derived in the slides on corporate securities, what is the appropriate credit spread for a corporate bond with a 1096 probability of default and an 804 expected recovery rate. Assume the risk-free rate is 246. (If your answer is 5.2546, enter 5.25.)

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