The table below shows the dollar amounts of outstanding loans and corresponding default amounts for...
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Finance
The table below shows the dollar amounts of outstanding loans and corresponding default amounts for every year over the past 5 years. The outstanding amounts reflect default amounts and bond redemptions. Years after Issuance Loan 1 year 2 years 3 years 4 years 5 years Type Annual default C-rated: ($'billions) 1 3 5 5 6 Outstanding ($'billions) 100 98 95 88 82 What is the cumulative survival rate over years 1 and 2
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