Marginal Default Probability Refers to the

Marginal default probability refers to the

A) probability that a borrower will default over a specified multi-year period.
B) marginal increase in the default probability due to a change in credit premium.
C) historic default rate experience of a bond or loan.
D) expected maximum change in the loan rate due to a change in the credit premium.
E) probability that a borrower will default in any given year.