Question: Problem 1 . Consider the following transition matrix: Source: Staindard & Poor's CreditWeek ( April 1 5 , 1 9 9 6 ) Compute the

Problem 1.
Consider the following transition matrix:
Source: Staindard & Poor's CreditWeek (April 15,1996)
Compute the 2-year transition probabilities of a BB rated loan.
Problem 1 . Consider the following transition

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