The yield on 3-month T bill is 1.62%. The yield on 3-month commercial paper is 2.2%. Assume

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The yield on 3-month T bill is 1.62%. The yield on 3-month commercial paper is 2.2%. Assume that investors get 50% of the face value when commercial paper defaults. What is the probability of default of the commercial paper?

Posted Date: Jun 09, 2024 07:19 PM

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The yield on 3-month T bill is 1.62%. The yield on 3-month commercial paper is 2.2%. Assume

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