One year goverment bond yield of Germany is 1.0 % (the risk free rate) and the o...
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One year goverment bond yield of Germany is 1.0 % (the risk free rate) and the one year government bond of Alphaland is 6.4 %.
What is the implied probability of default of Alphaland for the next 12 monhts?
Please omit the % sign in your answer.
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