The marginal mortality rate for C rated debt is 2% in 2018, 8% in 2019,...

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Finance

The marginal mortality rate for C rated debt is 2% in 2018, 8% in 2019, and 10% in 2020.
1. calculate the cumulative mortality rate and the cumulative survival rate for 2020
2. you invested in $20 million of C rated debt at the beginning of 2018. calculate your expected default loss for each year.

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