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The following represents two yield curves. Maturity Treasuries Corporate 6 months 2% 3% 1 year 3% 4% 5 years 4% 5% 6 years 5% 6%

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The following represents two yield curves. Maturity Treasuries Corporate 6 months 2% 3% 1 year 3% 4% 5 years 4% 5% 6 years 5% 6% What is the implied probability of default on 6 months corporate debt in decimals? (Round to two decimals)

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