What is the probability that only one bond defaults, Accounting Basics

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What is the probability that only one bond defaults

Question:

You own two bonds. Both bonds have a 30% probability of defaulting. Their default probabilities are statistically independent. What is the probability that both bonds default? What is the probability that only one bond defaults? What is the probability that neither bond defaults?

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Accounting Basics: What is the probability that only one bond defaults

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Accounting Basics: What is the probability that only one bond defaults

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