Question
-Theres a AA piece of a synthetic CDO, it represents 36-49 percent in the reference pool. If a credit default swap buyer made an eighteen
-Theres a AA piece of a synthetic CDO, it represents 36-49 percent in the reference pool. If a credit default swap buyer made an eighteen million notional value bet against the BBB piece, and the ref. pool had 41 percent losses, how much would the counter party be contractually obligated to pay the credit default swap buyer?
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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
