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(a) Describe the failure in risk management in the 2007 global financial crisis. (b) What risk management strategies would you recommend for the stakeholders involved?

(a) Describe the failure in risk management in the 2007 global financial crisis. (b) What risk management strategies would you recommend for the stakeholders involved? (c) Critique the Altman Z-Score model of credit risk. What improvements have been suggested by researchers? (d) What is the CDS market? Describe the differences between hedging and speculating in the CDS market using examples

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