a. b. What does a fall in price of an ABX index mean for someone who...
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a. b. What does a fall in price of an ABX index mean for someone who has bought protection? Specifically, what does it mean for the market value of their position and, or expected defaults on the underlying bonds? I Can the BBB fall in price while the AAA remains at par? If so, what does this imply about investor expectations (of shortfalls on the underlying bonds)? a. b. What does a fall in price of an ABX index mean for someone who has bought protection? Specifically, what does it mean for the market value of their position and, or expected defaults on the underlying bonds? I Can the BBB fall in price while the AAA remains at par? If so, what does this imply about investor expectations (of shortfalls on the underlying bonds)?
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a A fall in price of an ABX index means that the market value of the protection bought by the invest... View the full answer
Related Book For
Introductory Statistics Exploring The World Through Data
ISBN: 9780321978271
2nd Edition
Authors: Robert Gould, Colleen Ryan
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