Similar to the Example $18\mathrm{.}3\mathrm{.}3$ in Jorion, compute the Distribution of Credit Losses of three bonds A$,$ B$,$ and C$,$ if default probabilities $($PDs$)$ are $4\%,8\%,$ and $15\%$ respectively $($all other assumptions are the same$).$ Show the resulting loss distribution graphically $($Figure $18\mathrm{.}1).$ Compute the VAR at $99\%.$TABLE $18-3$ Portfolio Exposures, Default Risk, and Credit Losses