CFA 2020 Mock - 7A F iv

CFA Level III
#1

Quick question here on calc annual credit Loss:

ann e§ of default = .50%
expected loss severity = 70%

The answer is listed at 35%, but I’m coming up with .35% — (.7 * .005).

Can someone indulge me here on why it’s 35%?

#2

Typo.

#3

cheers

#4

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