Short Answer

Loan Portfolio Profitability

A bank makes 1,000 separate loans of $10,000 each. Historical data suggests that, on average, 2% of these types of loans will default, resulting in a complete loss of the principal for those specific loans. Explain why the bank can still expect to be profitable and have a stable overall return from this portfolio of loans, despite the certainty of some defaults.

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Updated 2025-10-02

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