Credit derivatives are a new kind of investment instrument, Basic Statistics

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Credit derivatives are a new kind of investment instrument

Credit derivatives are a new kind of investment instrument: they protect investors from risk.

If such an investment offered by ABN Amro has a 90% chance of making money, another by AXA has a 75% chance of success, and one by the ING Group has a 60% chance of being profitable, and the three are independent of each other, what is the chance that at least one investment will make money?

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