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Question 5 (1 point) A bank has lent $190,000 to a firm at an interest rate of 6.0%. If this loan has a default probability

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Question 5 (1 point) A bank has lent $190,000 to a firm at an interest rate of 6.0%. If this loan has a default probability of 3.0% and an expected recovery rate in event of default of 34%, what is the expected dollar credit loss for this loan? Note: Your answer must be accurate to the nearest dollar. Your

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