Question: What is meant by cumulative default probability? A. Cumulative default probability across the next two years B. Expected default probability across two or more periods

What is meant by cumulative default probability?

A. Cumulative default probability across the next two years

B. Expected default probability across two or more periods in the future.

C. Marginal default probability in the given time period.

D. Cumulative default probability across the last ten periods.

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