Question 24 2.5 pts The current 1-year spot rate on a T-strip is 6% and...

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Question 24 2.5 pts The current 1-year spot rate on a T-strip is 6% and the current 1-year spot rate on a BBB-rated marketable loan is 9.65%. If the annual marginal probability of repayment in year 2 is 93.45% and the annual marginal probability of default in year 3 is 7.54%. What is the probability of default in year 1? O 6.55% 3.65% 0 3.33% O 6.22% 3.78%

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