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Question 21 4 pts The manager of a bond fund is concerned that a particular bond the fund owns might get downgraded. She purchases a

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Question 21 4 pts The manager of a bond fund is concerned that a particular bond the fund owns might get downgraded. She purchases a 6-month credit forward contract on that bond struck at 200 bps, with a notional amount of $5 million, a risk factor of 3.7. What is her payoff in $ at maturity if the credit spread on the bond is 135 bps

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