23.17. The position of a buyer of a credit default swap is similar to the position of...

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23.17. “The position of a buyer of a credit default swap is similar to the position of someone who is long a risk-free bond and short a corporate bond.” Explain this statement.

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Fundamentals Of Futures And Options Markets

ISBN: 9780134083247

9th Edition

Authors: John Hull

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Question Posted: Jul 26, 2024 09:00 AM

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23.16. Explain how forward contracts and options on credit default swaps are structured.
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23.17. The position of a buyer of a credit default swap is similar to the position of...

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Fundamentals Of Futures And Options Markets

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