joleiswan5447 joleiswan5447
  • 21-04-2024
  • Mathematics
Answered

Cumulative default probability refers to

A. probability that a borrower will default over a specified multiyear period.
B. expected maximum change in the loan rate due to a change in the risk factor on the loan.
C. historic default rate experience of a bond or loan.
D. expected maximum change in the loan rate due to a change in the credit premium.
E. probability that a borrower will default in any given year.



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