Is a total return swap on a bond the same as a credit default swap (see Section

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Is a total return swap on a bond the same as a credit default swap (see Section 23-1)? Why or why not?

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Principles of Corporate Finance

ISBN: 978-0077404895

10th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen

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Question Posted: Dec 31, 2012 10:50 AM

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Is a total return swap on a bond the same as a credit default swap (see Section

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Both a total return swap on a bond and a credit default swap provide risk protection for bond holder ...View the full answer

Principles of Corporate Finance

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