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Basic Question 8 of 9

True or false? It is possible that the default risk on a debt is high but its credit risk is low.

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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu

Edward Liu

Learning Outcome Statements

explain expected exposure, the loss given default, the probability of default, and the credit valuation adjustment;

CFA® 2025 Level II Curriculum, Volume 4, Module 29.