You expect credit correlations to increase. If so, which of the following strategies is appropriate: (a) Long

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You expect credit correlations to increase. If so, which of the following strategies is appropriate: 

(a) Long a first-to-default (FTD) contract and long a second-to-default (STD) contract. 

(b) Long FTD, short STD contracts. 

(c) Short FTD, long STD contracts. 

(d) Short FTD, short STD contracts.

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