Question
Consider the following example: First Global Fund purchases 100M worth of CDS that references a mortgage bond in Europe at a spread of 3%. Then
Consider the following example: First Global Fund purchases 100M worth of CDS that references a mortgage bond in Europe at a spread of 3%. Then Global Fund sells it to another market participant at a spread of 7%. Global fund receives a revenue of?
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Statistics For Business & Economics
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
13th Edition
1305585313, 978-1305585317
