Question
How is the recovery rate of a bond usually defined? What is the formula relating the payoff on a CDS to the notional principal and
How is the recovery rate of a bond usually defined? What is the formula relating the payoff on a CDS to the notional principal and the recovery rate?
**Can you please explain step by step on how to do this question*** and please show formulas used so I can understand how to do it on my own. thank you.
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Amazon Mechanical Turk Start To Make Money Online
Authors: Ines Mechler
1st Edition
1542974267, 978-1542974264
