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Basic Question 5 of 9
Which party will pay the upfront premium if the standard rate is less than the credit spread?
B. protection seller.
C. borrower.
A. protection buyer.
B. protection seller.
C. borrower.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe credit default swaps (CDS), single-name and index CDS, and the parameters that define a given CDS product;
CFA® 2025 Level II Curriculum, Volume 4, Module 30.