FRM 考题，求助

A portfolio manager owns $18 million worth of AA-rated bonds and $10 million worth of BB-
rated bonds. The one-year default probabilities of these bonds are 2 percent and 6 percent
respectively and are independent of each other.

The estimated recovery rates for these bonds are 65 percent and 35 percent respectively.
Based on these assumptions, the one-year expected credit loss from this portfo is CLOSEST
to:

A. 0.42.
B. 0.44.
C. 0.52.
D. 0.96.


请问，default probility, recovery rates 指什么，谢谢

所有跟帖： 

• 啥是FRM? -jellybean3- ♀ (0 bytes) () 04/11/2007 postreply 09:18:33

• 不能说答案吧~~好像不好，给点小资料: -花生熊熊- ♀ (1904 bytes) () 04/11/2007 postreply 09:25:52

• 兄弟你真太有才了，谢谢谢谢谢谢！1！！ -pandi- ♀ (0 bytes) () 04/11/2007 postreply 10:16:14

• oops,看错了，是美女！！ -pandi- ♀ (0 bytes) () 04/11/2007 postreply 10:16:58

• heihei ~~熊弟~~ -花生熊熊- ♀ (0 bytes) () 04/11/2007 postreply 11:23:25

• look look a -花生熊熊- ♀ (7629 bytes) () 04/11/2007 postreply 09:35:02

• Try but don't know these definitions -2526- ♂ (142 bytes) () 04/11/2007 postreply 12:35:44

• 怎么我学的时候就没有人告诉我答案呢 -花生熊熊- ♀ (0 bytes) () 04/11/2007 postreply 13:08:18

• 你两都太有才了！ -jellybean3- ♀ (0 bytes) () 04/11/2007 postreply 13:41:35

• Hey, how is your pizza delivery business? Ha-ha -2526- ♂ (13 bytes) () 04/11/2007 postreply 14:39:47

• Actually, I was wrong about the definition -2526- ♂ (296 bytes) () 04/11/2007 postreply 14:38:44

• 这次对了，给个A-吧。 -小小石头- ♂ (0 bytes) () 04/11/2007 postreply 15:15:41

• wow, 你也有错的时候，哈哈 -britannica- ♀ (18 bytes) () 04/11/2007 postreply 23:23:17

• Of course. Hey what do you cheap these days? Ha-ha -2526- ♂ (0 bytes) () 04/12/2007 postreply 13:53:25

• Hey, Cheap, I just didn't know the definition, but -2526- ♂ (91 bytes) () 04/12/2007 postreply 13:55:17