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PRMIA Exam 8002 Topic 1 Question 22 Discussion
Actual exam question for
PRMIA's
Mathematical Foundations of Risk Measurement :II exam
Question #: 22
Topic #: 1
[All Mathematical Foundations of Risk Measurement :II Questions]
Topic #: 1
In a portfolio there are 7 bonds: 2 AAA Corporate bonds, 2 AAA Agency bonds, 1 AA Corporate and 2 AA Agency bonds. By an unexplained characteristic the probability of any specific AAA bond outperforming the others is twice the probability of any specific AA bond outperforming the others. What is the probability that an AA bond or a Corporate bond outperforms all of the others?
Suggested Answer:
D
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