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Question 2: If the existing one-year risk-free rate is 1.21%, the average market yield of one-year AA-rated corporate bonds is 1.51%, and the loss given
Question 2: If the existing one-year risk-free rate is 1.21%, the average market yield of one-year AA-rated corporate bonds is 1.51%, and the loss given default is 25%, what is the expected probability of repayment as determined by the market? Input you answer in the XX.XX% format
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