A risk analyst estimates that the hazard rate for a company is 0.12 per year. Assuming a constant hazard rate
model, what is the probability that the company will survive in the first year and then default before the end
of the second year?
A. 8.9%
B. 10.0%
C. 11.3%
D. 21.3%
Correct Answer: B...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.