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Suppose an obligors hazard rate is estimated to be a constant =0.0275 (2.75 percent), regardless of the term to maturity of its debt. Evaluate the

Suppose an obligors hazard rate is estimated to be a constant =0.0275 (2.75 percent), regardless of the term to maturity of its debt. Evaluate the (1)1-yr. default probability, (2)5-yr. default probability, (3)1-yr. survival probability, (4)1-yr. conditional default probability

(result should be 4 significant digits)

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