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The yields of two zero coupon bonds are given below: What is the implied probability of default of one-year BB-rated debt? a. 0.9593 b. 0.0407

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The yields of two zero coupon bonds are given below: What is the implied probability of default of one-year BB-rated debt? a. 0.9593 b. 0.0407 c. 0.9671 d. 0.0329

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