6. Suppose you are a broker (of junk bonds) who buys only bonds that have a 55% chance of not defaulting. You want to put together a portfolio of bonds with at least four that will not default. You...

6. Suppose you are a broker (of junk bonds) who buys only bonds that have a 55% chance of not defaulting. You<br>want to put together a portfolio of bonds with at least four that will not default. You want to be 93.9% sure that<br>at least four will not default. How many bonds should you buy?<br>

Extracted text: 6. Suppose you are a broker (of junk bonds) who buys only bonds that have a 55% chance of not defaulting. You want to put together a portfolio of bonds with at least four that will not default. You want to be 93.9% sure that at least four will not default. How many bonds should you buy?

Jun 01, 2022

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6. Suppose you are a broker (of junk bonds) who buys only bonds that have a 55% chance of not defaulting. You want to put together a portfolio of bonds with at least four that will not default. You...

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