You have estimated a logistic regression model for one$-$year default probability of a company, using several macroeconomic and company$-$specific variables. The coefficients and most recent parameter values for the model are listed below:

Variable Coefficient Value

Intercept $-3\mathrm{.}3--$

Unemployment $0\mathrm{.}160\mathrm{.}059$

Leverage $1\mathrm{.}40\mathrm{.}75$

NI$/$Assets $-1\mathrm{.}680\mathrm{.}043$

$10$yr Treasury yld $0\mathrm{.}520\mathrm{.}03$

What is your model's estimated probability of default? Enter answer in percents.

Recall logistic regression model is

Ln p$/(1-$p$)=$ f$($x$),$ f$($x$)$ is the linear function of all the input variables $($unemployment$,$ leverage...$),$ p is the probability of default.

Plug in the numbers to get f$($x$)$ then solve for p$.$