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Basic Question 0 of 5
Even if an asset-backed security is guaranteed by an insurer, it is still subject to credit risk because ______
II. the loss can be higher than the insured amount.
III. the insurer can be downgraded.
IV. the issuer of the security can be downgraded.
I. the insurer can default.
II. the loss can be higher than the insured amount.
III. the insurer can be downgraded.
IV. the issuer of the security can be downgraded.
User Contributed Comments 4
| User | Comment |
|---|---|
| danlan2 | Where can I get this? |
| mazen1967 | from this los |
| rhardin | Read the notes. |
| philerup | Issuer of security is not relevant. |
I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
explain the types of heteroskedasticity and how it affects statistical inference;
CFA® 2025 Level II Curriculum, Volume 1, Module 3.