Scenario 1: Suppose that the yield on a 1 year t-strip is 2.35% and the yield on a 2 year t-strip is 4.10%. The yield on a 1 year, zero coupon corporate bond is 6.90%, and the yield on a 2 year, zero coupon corporate bond is 9.88%. What is the probability of default in year 1? 0.96 or 96% O 0.04 or 4% O 0.34 or 34% O 0.67 or 67% a Scenario 1: Suppose that the yield on a 1 year t-strip is 2.35% and the yield on a 2 year t-strip is 4.10%. The yield on a 1 year, zero coupon corporate bond is 6.90%, and the yield on a 2 year, zero coupon corporate bond is 9.88%. What is the 1 year forward rate for the corporate bonds? O 0.14 O 1.43 O 1.13 O 1.04