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Upsilon's assets have a current market value of $240. Its debt has a face value of $130, and it matures in one year. Assume a

Upsilon's assets have a current market value of $240. Its debt has a face value of $130, and it matures in one year. Assume a risk-free rate of interest is 5%. Suppose that the standard deviation of the return on Upsilon's assets is 50%.

Calculate the probability that the company will default.

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