Cisco Corporation., a U.K. based biotech firm, has been offered a EUR 14 million term...
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Cisco Corporation., a U.K. based biotech firm, has been offered a EUR 14 million term loan fully repayable in exactly four years. The bank behind the offer estimates that it will be able to recover 75% of its exposure if the borrower defaults, and the probability of that happening is 0.3%. The firms expected loss two years from today will be?
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