Question: Moving to another question will save this response. Question 19 of 30 Question 19 4 points According to a credit rating agency, Fitch Ratings, the

Moving to another question will save this response. Question 19 of 30 Question 19 4 points According to a credit rating agency, Fitch Ratings, the chance that a D-graded municipal bond defaults in a given year is 71. Suppose that the default of one municipal bond is independent from other bonds. Suppose that a hedge fund company currently owns 16 (all different) D-grade municipal bonds. What is the probability that nobond will default in a pren year? a, 0.078 6 0.123 c 0.233 60.0.313 as Moving to another question will save this response Question 19 of 30 C O E ww

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