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Upsilon's assets have a current market value of $120. Its debt has a face value of $70, and it matures in one year. Assume a

Upsilon's assets have a current market value of $120. Its debt has a face value of $70, and it matures in one year. Assume a risk-free rate of interest is 5%. Suppose that the standard deviation of the return on Upsilons assets is 50%. Calculate the probability that the company will default

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