Explain why the distribution of credit-risk gains and losses is similar to a short position in an

Question:

Explain why the of credit-risk gains and losses is similar to a short position in an option. Discuss loans and derivatives.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...