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The following table information about the yields of treasury bonds and A-rated corporate bonds with different maturities. Both the types of bonds are zero coupon
The following table information about the yields of treasury bonds and A-rated corporate bonds with different maturities. Both the types of bonds are zero coupon bonds. What is the implied probability of default of one-year A-rated debt? a. 0.9508 b. 0.0492 c. 0.9436 d. 0.0564
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