Question: Check my work 00 8 An analyst estimates that the probability of default on a seven-year AA-rated bond is 0.51, while that on a seven-year

Check my work 00 8 An analyst estimates that the

Check my work 00 8 An analyst estimates that the probability of default on a seven-year AA-rated bond is 0.51, while that on a seven-year A-rated bond is 0.49. The probability that they will both default is 0.38. a. What is the probability that at least one of the bonds defaults? (Round your answer to 2 decimal places.) 10 points Probability eBook Hint Print References b. What is the probability that neither the seven-year AA-rated bond nor the seven-year A-rated bond defaults? (Round your answer to 2 decimal places.) Probability c. Given that the seven-year AA-rated bond defaults, what is the probability that the seven-year A-rated bond also defaults? (Round your answer to 2 decimal places.) Probability

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