Question: What is a credit-sensitive note (CSN)? How does it work? What is the advantage to the issuer? To the investor? What are the drawbacks to

What is a credit-sensitive note (CSN)? How does it work? What is the advantage to the issuer? To the investor? What are the drawbacks to the investor?

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A CSN is a bond where the coupon is adjusted if the rating of the bond changes If the rating wor... View full answer

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