Refer to the exhibit. After configuring a new static route on the CPE, the engineer entered this series of commands to verify that the new configuration is operating normally. When is the static defau

The reachability of the next hop `203.0.113.1` is a prerequisite for the static route to be valid itself, but it does not determine its precedence over an existing BGP default route.

This scenario describes a floating static route, which is a static route configured with a higher administrative distance than a dynamically learned route. The static default route will remain inactive and only be installed into the routing table as a backup if the primary, lower administrative distance default route, learned via external BGP, becomes invalid.

Learning a route to the next hop `203.0.113.1` via BGP would ensure reachability, but it would not cause the static default route to be installed if a BGP-learned default route is already active and valid.

A change in the next hop for the BGP-learned default route would typically result in an update to the existing BGP route, not necessarily its invalidation or the installation of a higher administrative distance static route.