One disadvantage of using the Expected Default Frequency model (EDF) to model credit risk is that:...

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One disadvantage of using the Expected Default Frequency model (EDF) to model credit risk is that: O a. Book values of liabilities are not updated as frequently as other inputs.. O b. It links the equity and credit markets. O c. It is based upon option pricing models. O d. It can be updated frequently. One disadvantage of using the Expected Default Frequency model (EDF) to model credit risk is that: O a. Book values of liabilities are not updated as frequently as other inputs.. O b. It links the equity and credit markets. O c. It is based upon option pricing models. O d. It can be updated frequently.

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