Hello

Can anybody help to guide how to answer these questions?

Thank you.

1 What is the probability that a firm rated A will default in 1 year?

2 What is the probability that a firm rated A will default in 2 year?

3 What is the probability that a firm rated A will default in 3 year?

4 What is the probability that a firm rated A will default on the first year?

5 What is the probability that a firm rated A will default on the second year?

6 What is the probability that a firm rated A will default on the third year?

Can anybody help to guide how to answer these questions?

Thank you.

**Edited by Nicole to include questions (please include questions in text format instead of an attachment):**1 What is the probability that a firm rated A will default in 1 year?

2 What is the probability that a firm rated A will default in 2 year?

3 What is the probability that a firm rated A will default in 3 year?

4 What is the probability that a firm rated A will default on the first year?

5 What is the probability that a firm rated A will default on the second year?

6 What is the probability that a firm rated A will default on the third year?

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