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Credit Portfolio Management (CPM) is typically divided into three levels. 3a) What are the three levels of CPM? Your answer must clearly indicate the differences

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Credit Portfolio Management (CPM) is typically divided into three levels. 3a) What are the three levels of CPM? Your answer must clearly indicate the differences between each level of CPM.3b) A firm is considering moving from CPM Level 2 to CPM Level 3. Discuss the advantages and disadvantages of this move

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