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NEW QUESTION: 1
A. Option B
B. Option A
C. Option C
D. Option D
Answer: B
NEW QUESTION: 2
A credit rating analyst wants to determine the expected duration of the default time for a new three-year loan, which has a 2% likelihood of defaulting in the first year, a 3% likelihood of defaulting in the second year, and a 5% likelihood of defaulting the third year. What is the expected duration for this three-year loan?
A. 2.1 years
B. 2.3 years
C. 1.5 years
D. 3.7 years
Answer: B
NEW QUESTION: 3
Answer:
Explanation:
