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Basic Question 3 of 9
The degree of likelihood that the borrower of a loan will not be able to make the necessary scheduled principal and interest payments is referred to as:
B. Loss given default.
C. Present value of expected loss.
A. Default probability.
B. Loss given default.
C. Present value of expected loss.
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I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
explain expected exposure, the loss given default, the probability of default, and the credit valuation adjustment;
CFA® 2025 Level II Curriculum, Volume 4, Module 29.