11-83 Cumulative Default Probability Refers to

11-83 Cumulative default probability refers to

A) probability that a borrower will default over a specified multiyear period.
B) expected maximum change in the loan rate due to a change in the risk factor on the loan.
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.