Question
Suppose a bank was a protection buyer in a CDS with reference entity Radio Shack Corp and a notional principal of $100 million. In 2015,
Suppose a bank was a protection buyer in a CDS with reference entity Radio Shack Corp and a notional principal of $100 million. In 2015, Radio Shack Corp defaulted. What was the payoff to the bank when the recovery rate was 11.5%?
O $11.5m
O $66.3m
O $77.4m
O $88.5m
O $99.6m
Suppose a bank was a protection buyer in a CDS with reference entity Radio Shack Corp and a notional principal of $100 million. In 2015, Radio Shack Corp defaulted. What was the payoff to the bank when the recovery rate was 11.5%?
O $11.5m
O $66.3m
O $77.4m
O $88.5m
O $99.6m
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Public School Finance Decoded
Authors: Jay C. Toland
1st Edition
1475827679, 978-1475827675
