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An analyst makes the following statements: Statement 1: The protection buyer is considered the short position on the CDS contract Statement 2: The protection seller

An analyst makes the following statements: Statement 1: The protection buyer is considered the short position on the CDS contract Statement 2: The protection seller is long the credit risk of the reference obligation. Which of the following is most accurate regarding the analyst's statements? Group of answer choices Only Statement 1 is correct. Only Statement 2 is correct. Both statements are correct

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