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Basic Question 5 of 9
If the credit spread on the reference entity > coupon rate on a CDS, upfront premium will be paid by:
B. protection seller.
C. neither party.
A. protection buyer.
B. protection seller.
C. neither party.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
explain the principles underlying and factors that influence the market's pricing of CDS;
CFA® 2025 Level II Curriculum, Volume 4, Module 30.