Question: 3) There are 2 underlying assets A and B. Both have a default probability of 40%, and a correlation coefficient of -0.8. You own an

3) There are 2 "underlying" assets A and B. Both have

3) There are 2 "underlying" assets A and B. Both have a default probability of 40%, and a correlation coefficient of -0.8. You own an asset that pays 1$ if and only if asset A pays, while asset B defaults. What is the probability that your asset will pay

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