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In the context of credit risk management, consider the Gaussian default time copula model. Utilizing this model, what is the joint probability that both firm RST and firm WYZ will experience default events before the end of year 2?
A
M(xBB= 0.0612)+ M(xg=0.1063)M(xB= 0.0612)*M(x8=0.1063)
B
M(xB= 0.1133)+ M(xs= 0.2969)M(xB= 0.1133)*M(xβ= 0.2969)
C
M(x8B≤0.1133 n XB≤0.2969)
D
M(xBB≤1.209 n xB≤0.533)
