QUESTION 5 An investor sold a CDS on a high-yield company's debt with a $5 million notional. The derivative's 10-year credit spread is 650 basis points with a duration of 8.2 years. If the credit spread narrows to 500 basis points, the seller could monetize a: a) profit of $615,000 b) loss of $75,000 c) breakeven profit of $0. O oo