- CFA Exams
- CFA Level I Exam
- Study Session 13. Fixed Income (2)
- Reading 36. Credit Default Swaps
- Subject 1. Basic definitions and concepts
CFA Practice Question
In an index CDS, the more correlated the defaults, the ______ expensive to purchase the credit risk protection.
B. more.
A. less.
B. more.
Correct Answer: B
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