Question: please solve with the steps the answer is B 8. Consider a five-year senior CDS on Beta Corp. Beta Corp.'s default probability is 2% and

 please solve with the steps the answer is B 8. Consider

please solve with the steps the answer is B

8. Consider a five-year senior CDS on Beta Corp. Beta Corp.'s default probability is 2% and increases by 1 percentage point per year. The survival rate in Year 5 is: A. 93.4% B. 81.5% C. 94% D. None of the answers

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