A portfolio of ten companies is formed. In a third-to-default swap (Circle one)
A. There is a payoff when the third default on the portfolio happens
B. There is a payoff when the first, second and third companies defaults happen
C. There is a payoff when the third, fourth, fifth…tenth companies defaults happen
D. None of the above
A
There is a payoff when the third default happens
You might also like to view...
Explain how the keys to sustaining a broad differentiation strategy differ from the keys to sustaining a best-cost producer strategy.
What will be an ideal response?
Which of the following is NOT a value that leads to ethical behavior?
a) Fairness b) Integrity c) Dependability d) Opportunity
Risk refers to the chance that no unfavorable event will occur.
Answer the following statement true (T) or false (F)
Case 5-1Tonya teaches public speaking at a local college. Today she is covering the topic of "Managing Questions and Answers." Please answer the questions below. Speakers should repeat the question asked by an audience member ____.
A. after each question B. only if absolutely necessary C. only if the person is a nonnative speaker D. only if the person talks softly