WEBVTT

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Changing monetary units should not change

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a firm’s calculated default probability.

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In FinancePy, converting equity and debt

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from millions to individual currency units

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changed that probability from seven point

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seven seven percent to ninety-five point

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four nine percent.

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Normalizing the monetary inputs removed

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all ninety-four failed round trips across

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one hundred twenty synthetic scenarios.

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Thirty-nine solver non-success statuses

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remain.

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No real customer losses were measured.

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Code and evidence are on GERO.