Question
Ten year German government bond yield is 2.3 %. The yield for Betaland's government bond is 8.5%. These are annual yields. Assuming German government bond
Ten year German government bond yield is 2.3 %. The yield for Betaland's government bond is 8.5%. These are annual yields. Assuming German government bond risk-free, what is the expected probability of default of Betaland for the next 10 years? Present your answer in percent without inserting percentage sign (%).
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Fixed Income Analysis
Authors: Barbara S. Petitt
5th Edition
1119850541, 978-1119850540
