Given an estimated five-year average probability intensity of .07 on a five-year CDS, a recovery rate of

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Given an estimated five-year average probability intensity of .07 on a five-year CDS, a recovery rate of 20%, and discount rate of 3%, determine the value of the CDS (present value of expected payoff).

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Essentials of Managerial Finance

ISBN: 978-0324422702

14th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Sep 28, 2023 12:32 AM

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Given an estimated five-year average probability intensity of .07 on a five-year CDS, a recovery rate of

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Essentials of Managerial Finance

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