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Which of the following is correct regarding the market for CDS? Group of answer choices a. All of the other answers are correct. b. CDS

Which of the following is correct regarding the market for CDS?

Group of answer choices

a. All of the other answers are correct.

b. CDS settle in cash, never in physical delivery.

c. The market for CDS must be less liquid than the market for the underlying.

d. A CDS payout can depend on a decision made by a committee.

e. None of the other answers are correct.

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