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  3. question 2 1 pts consider a firm, whose marginal p

Question 2 1 pts Consider a firm, whose marginal probabilities of default in each year...

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Question 2 1 pts Consider a firm, whose marginal probabilities of default in each year are as follows: Year Marginal probability of default (%) 6.5 1 2 5.8 3 5.1 4 5.7 5 6.3 Calculate the firm's 3-year cumulative probability of default. (If your solution is 4.44% then enter "4.44" as the answer. Precision is 0.01+/- 0.02.)

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