Answer: II only

Based on the provided text, only Statement II is presented: "The probability that the firm survives for the next 6 years without default is approximately 60%." Statement I is not provided in the text, so we cannot evaluate it. Therefore, only Statement II is available for consideration. Since the question asks which statement(s) are correct and we only have Statement II, the correct answer is **B. II only**. **Note**: Without the complete context of Statement I, this analysis is based solely on the information provided in the text.

Author: LeetQuiz .