Here is the histogram of a data distribution. All class widths are 1.
1 answer:
You might be interested in
<u>Given</u>:
Time,
t = 20 years
Rate,
r = 4.4%
Price
= $8,375
Now,
The yield will be:
=
= (%)
Time will be:
=
=
As we know the formula,
⇒
By substituting the values, we get
The face value will be:
($)
Learn more about face value here:
Answer:
The expected loss is $275 million.
Step-by-step explanation:
Expected loss can be determined as the sum of the product of each possible loss by the its probability of occurence. In this situation, there are only two possible losses listed since the probability of no loss doesn't add any value to the expected loss and should be disregarded.
Expected loss (in millions) = EL
The expected loss is $275 million.