Investments
Investments
11th Edition
ISBN: 9781259277177
Author: Zvi Bodie Professor, Alex Kane, Alan J. Marcus Professor
Publisher: McGraw-Hill Education
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Chapter 14, Problem 27PS
Summary Introduction

To select: The most appropriate description of credit default swaps.

Introduction:

Credit default swaps: A credit default swap is a financial product that provides a guarantee against a bond risk.

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