Multiple Choice
A credit default swap means:
A) initial payment of a periodic premium by the buyer of a credit default swap.
B) the buyer of a credit default swap obtains protection against credit risk exposures associated with specified debt issues.
C) if the specified debt issuer defaults then the credit default swap protection seller assumes the risk.
D) all of the given answers are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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