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Assuming the current market value of the CDS is 300,000$ from a buyer perspective. Given that the spread duration of this CDS is 3.5 what

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Assuming the current market value of the CDS is 300,000$ from a buyer perspective. Given that the spread duration of this CDS is 3.5 what will the new CDS MV if the spread drops by 50bps. Assume the principal is 10,000,000 125000 475000 No Change None of the Above

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