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NEW QUESTION: 1
For each of the following statements, select Yes if the statement is true. Otherwise, select No.
NOTE: Each correct selection is worth one point.

Answer:
Explanation:

NEW QUESTION: 2
If the marginal probabilities of default for a corporate bond for years 1, 2 and 3 are 2%, 3% and 4% respectively, what is the cumulative probability of default at the end of year 3?
A. 9.00%
B. 91.26%
C. 8.74%
D. 9.58%
Answer: C
Explanation:
Explanation
Marginal probabilities of default are the probabilities for default for a given period, conditional on survival till the end of the previous period. Cumulative probabilities of default are probabilities of default by a point in time, regardless of when the default occurs. If the marginal probabilities of default for periods 1, 2... n are p1, p2...pn, then cumulative probability of default can be calculated as Cn = 1 - (1 - p1)(1-p2)...(1-pn). For this question, we can calculate the probability of default for year 3 as =1 - (1-2%)*(1-3%)*(1-4%) = 8.74%

NEW QUESTION: 3

A. Option B
B. Option C
C. Option A
D. Option D
Answer: D

NEW QUESTION: 4
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注：それぞれの正しい選択は1ポイントの価値があります。

Answer:
Explanation:

Explanation:
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