In problem 2–42, suppose that American investment institutions enter this new market, and that their probabilities for successful instruments are:

problem 2–42

Credit derivatives are a new kind of investment instrument: they protect investors from risk.9 If such an investment offered by ABN Amro has a 90% chance of making money, another by AXA has a 75% chance of success, and one by the ING Group has a 60% chance of being profitable, and the three are independent of each other, what is the chance that at least one investment will make money?