Q-105. Which loan has the highest dollar expected loss (EL)?

Loan characteristics:

• (a): Default intensity 4.0%, remaining term 3 months, LGD 60.0%

• (b): Default intensity 3.0%, remaining term 6 months, LGD 60.0%

• (c): Default intensity 2.0%, remaining term 9 months, LGD 60.0%

• (d): Default intensity 1.0%, remaining term 12 months, LGD 60.0%