Question 7 With respect to the KMV model, which of the following statement(s) is(are) true? Not yet answered Marked out of 1.00 Flag question Select one or more: a. The distance-to-default metric is a normalized measure, therefore, its values are comparable between firms. b. Distance-to-default is a cardinal measure. c. Expected Default Frequency correlates positively with distance-to-default. d. The standard KMV model is not applied to private firms due to the size of firms. e. None of the above