- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 29. Credit Analysis Models
- Subject 3. Structural and Reduced Form Credit Models
CFA Practice Question
The maximum amount that an investor/lender would pay to a third-party (an insurer) to remove the credit risk of a bond is:
B. The PV of the loss given default.
C. The loss given default.
A. The PV of the expected loss.
B. The PV of the loss given default.
C. The loss given default.
Correct Answer: A
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