CFA CFA Level 2 Probability of default of bond

Probability of default of bond

  • This topic has 0 replies, 1 voice, and was last updated Apr-19 by JFD.
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    • JFD
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      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!

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