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Title: The 30-day T-bill rate is 5 percent. Toronto Skaters has just issued $100 million of commercial ... Post by: jack103106 on Mar 24, 2024 The 30-day T-bill rate is 5 percent. Toronto Skaters has just issued $100 million of commercial paper at par. If the firm defaults, the commercial paper will be worth $5 million. The promised annual yield is 6.15 percent and the required rate of return is equivalent to the T-bill rate. What is the probability of default of Toronto Skaters?
Title: Re: The 30-day T-bill rate is 5 percent. Toronto Skaters has just issued $100 million of commercial ... Post by: ydnam23 on Mar 24, 2024 Content hidden
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