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An investor believes that credit spreads on high yield bonds are going to increase. To benefit from this belief, the investor could: Buy a portfolio

  1. An investor believes that credit spreads on high yield bonds are going to increase. To benefit from this belief, the investor could:
    1. Buy a portfolio of high yield bonds
    2. Make periodic payments on a Credit Default Index of high yield bonds
    3. Receive periodic payments on a Credit Default Index of high yield bonds
    4. Pay fixed rate on an interest rate swap

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