Question: Assuming a constant default probability per year and a constant loss given default, for a simplified reduced form model, and given the following information about

Assuming a constant default probability per year and a constant loss given default, for a simplified reduced form model, and given the following information about a bond:
Face value 675
Time to maturity 3
Default intensity (%)1.2
Loss given default (%)34
Price of 3 year risk free zero coupon bond (per $)0.96
What is the probability of the bond's default before maturity?
Enter answer in percents.

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