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Upsilon's assets have a current market value of $ 2 5 0 . Its debt has a face value of $ 1 3 5 ,

Upsilon's assets have a current market value of $250. Its debt has a face value of $135, 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.
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

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