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Basic Question 0 of 19
If an investor believes a reference entity's credit quality will improve, she would:
B. sell protection now.
C. sell protection later.
A. buy protection now.
B. sell protection now.
C. sell protection later.
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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.

Martin Rockenfeldt
Learning Outcome Statements
explain factors affecting capital structure and the weighted-average cost of capital
CFA® 2025 Level I Curriculum, Volume 2, Module 6.