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Basic Question 3 of 11
Structural models aim to explain:
B. when default occurs.
C. how likely default occurs.
A. why default occurs.
B. when default occurs.
C. how likely default occurs.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
explain structural and reduced-form models of corporate credit risk, including assumptions, strengths, and weaknesses;
CFA® 2025 Level II Curriculum, Volume 4, Module 29.