Investments, 11th Edition (exclude Access Card)
Investments, 11th Edition (exclude Access Card)
11th Edition
ISBN: 9781260201543
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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