Assignment:
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?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.