› CFA › CFA Level 2 › Probability of default of bond Search for:Search Button CFAFRMCAIACareersLounge GeneralLevel 1Level 2Level 3 Probability of default of bond Add A Reply Login Sign Up This topic has 1 reply, 2 voices, and was last updated 6d by Ustract. Author Posts JFDParticipant CFA Level 2 24 Apr 2019 at 11:18 am Up0:: Hi everyone, doing the final review for saturday but can’t seem to find the formula for the probability of default of a bond. Is it: 1- (e^(-(default intensity)(time to maturity))) Thanks! UstractParticipant CFA Level 2 27 Mar 2025 at 9:05 am Up0:: This represents the rate at which the bond issuer is expected to default over time. It’s sometimes referred to as the hazard rate. geometry vibes Author Posts Viewing 1 reply thread You must be logged in to reply to this topic. Log In Username: Password: Keep me signed in Register Log In