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Term (years): 1 2 3 B 3.63 8.53 13.52 Using the table above of cumulative default probabilities, what is the probability that the B-rated firm

Term (years):

1

2

3

B

3.63

8.53

13.52

Using the table above of cumulative default probabilities, what is the probability that the B-rated firm will survive until the end of year 2? Please report your answer in percentage. For instance, 73.25% would be 73.25. the table above, what is the probability that the B-rated firm will survive until the end of year 2?

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