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Ten-year German government bond yield is 1,9 %. The yield for Betaland's government bond is 7,3%. These are annual yields. Assuming the German government bond

Ten-year German government bond yield is 1,9 %. The yield for Betaland's government bond is 7,3%. These are annual yields. Assuming the German government bond risk-free, what is the expected probability of default of Betaland for the next 10 years?

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