Description: An introduction to basic probability. Emphasis is placed on formulation of models and applications. Probability calculus, standard distributions, random variables, and moments.
Traders in bonds and credit default swaps are bombarded with information on the default probabilities implied by credit spreads using a simple ratio. This ratio predicts that the credit spread will be ...
Description: An introduction to basic probability. Emphasis is placed on formulation of models and applications. Probability calculus, standard distributions, random variables, and moments. Credit ...
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