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Which of the following statements about the credit default swap (CDS) market is WRONG? O A) CDS protection buyers need not to have the insurable

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Which of the following statements about the credit default swap (CDS) market is WRONG? O A) CDS protection buyers need not to have the insurable interest." OB) The cash flows of a CDS protection seller position on a bond are similar to the cash flows of the underlying bond. C) The supply of CDS contracts on a corporate bond is roughly equivalent to the supply of the underlying bonds issued by the corporation. OD) The CDS market on corporate bonds is generally more liquid than the corporate bond market

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