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Credit Derivative. Which of the following credit derivatives gives the holder the right but not the obligation to buy a protection on a loan issue?

Credit Derivative. Which of the following credit derivatives gives the holder the right but not the obligation to buy a protection on a loan issue? This contract has a fixed expiration period.

1)

Credit default option

2)

Total return swap

3)

Credit default swap

4)

Credit swap

5)

None of the above

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