The following table provides the average cumulative default probabilities. Based on the information of this table, answer the following questions. Time (yrs) 1 2 3 4 5 Aaa 0.000 0.013 0.013 0.037 0.104 Aa 0.021 0.059 0.103 0.184 0.273 A 0.055 0.177 0.362 0.549 0.756 Baa 0.181 0.510 0.933 1.427 1.953 Ba 1.157 3.191 5.596 8.146 10.453 B 4.465 10.432 16.344 21.510 26.173 Caa 18.163 30.204 39.709 47.317 53.768 Average Cumulative Default Probabilities (%) (i) What is the marginal probability for a bond initially rated Aaa to default in year 5? ENG 4 19:24 (1) hat is the marginal probability for a bond initially rated Aaa to default in year 5? (ii) What is the marginal probability for a bond initially rated Baa to default in year 4? (iii) What is the marginal probability for a bond initially rated B to default in year 3? (iv) What is the marginal probability for a bond initially rated Caa to default in year 2? O a. (1) 0.067% (ii) 0.494% (iii) 5.912% (iv) 12.041% O b. (0) 0.401% (ii) 1.742% (iii) 13.344% (iv) 32.402% O c. (i) 0.104% (ii) 1.427% (iii) 16.344% (iv) 30.204% O d. (0) 0.037% (ii) 0.933% (ii) 10.432% (iv) 18.163% (ii) 0.494% (iii) 5.912% (iv) 12.041% O b. (i) 0.401% (ii) 1.742% (iii) 13.344% (iv) 32.402% O c. (i) 0.104% (ii) 1.427% (iii) 16.344% (iv) 30.204% O d. (i) 0.037% (ii) 0.933% (iii) 10.432% (iv) 18.163% O e. (i) 0.076% (ii) 0.449% (iii) 5.192% (iv) 12.140%