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Basic Question 1 of 9
If an investor believes a reference entity's credit quality will improve, she would:
B. sell protection now.
C. sell protection later.
A. buy protection now.
B. sell protection now.
C. sell protection later.
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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
explain the principles underlying and factors that influence the market's pricing of CDS;
CFA® 2025 Level II Curriculum, Volume 4, Module 30.