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Credit Default Swap spreads, expressed in basis points, a. Are wider for protection against small losses and narrower for protection against large losses b. Are

Credit Default Swap spreads, expressed in basis points,

a.

Are wider for protection against small losses and narrower for protection against large losses

b.

Are wider when default risk is lower

c.

Are wider for protection per $1,000,000 of par than for protection per $500,000 of par

d.

Are wider for protection against large losses and narrower for protection against small losses

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