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Question
The following information on the mortality rate of loans as estimated by an FI:
If the cumulative mortality rate in year 3 is 3.46 percent for the B-rated loan, what is its yearly mortality rate in year 3?
A. 1.25 percent.
B. 1.21 percent.
C. 1.00 percent.
D. 0.90 percent.
E. 0.875 percent.
Answer
This answer is hidden. It contains 183 characters.
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