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Quantitative Methods
Quantitative Methods
Medium
A credit analyst estimates that each of 6 independent bonds has a 10% probability of defaulting within one year. The probability that exactly 1 bond defaults is closest to:
A
0.354
B
0.100
C
0.600
D
0.531
Select an answer to continue
Tags
#binomial-distribution
#probability
#credit-risk
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