Can someone please explain to me this
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Please share the answer. Is it A?
No it is B
Prob if default is 3/8 that means out of 8outcomes the bond will default 3 times
So it will not default 5 times
Odds of default= default/no default=3/5
B should be the answer
It will default 3 out of 8 times
so it will not default 5 out of 8 times
so the odds for(in favour) is default/not default =3/5