The probability for a 50 year old to reach age 60 is 91.5%. Not that negligible. That's why AAA rated bonds pay less interest than those rated AA. In both case one could say that the probability of default is negligible.Yes, and my point is that the difference is negligible.
Statistics: Posted by Thesaints — Thu Mar 14, 2024 9:50 pm — Replies 93 — Views 7728