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Basic Question 0 of 7
Which statement is true?
B. A CDS can be thought of as a put option on a bond.
C. The credit spread is always constant for the life of a CDS.
A. There are there parties involved in a credit default swap: protection buyer, protection seller, and reference entity.
B. A CDS can be thought of as a put option on a bond.
C. The credit spread is always constant for the life of a CDS.
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe credit default swaps (CDS), single-name and index CDS, and the parameters that define a given CDS product;
CFA® 2025 Level II Curriculum, Volume 4, Module 30.