Question: Problem 36 You have until 3:52 PM to complete this assignment. a Part 1 | Attempt 1/2 for 10 pts. K.R.D. Bank has a cost

Problem 36 You have until 3:52 PM to complete this assignment.

Problem 36 You have until 3:52 PM to complete this assignment. a Part 1 | Attempt 1/2 for 10 pts. K.R.D. Bank has a cost of funds of 9 percent. The borrower has a 7.8 percent chance of default, and if default occurs, the bank expects to recover 84 percent of the principal and interest. What is the standard deviation of the default rate using the Moody's Analytics model, assuming defaults are binomially distributed? (Please enter your answer in percentage with 2 digits after the decimal point!) 1+ decimals Submit

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