Why does a credit default swap have an option-type payoff?

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Question Posted: Aug 22, 2015 07:53 AM

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Why does a credit default swap have an option-type payoff?

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A credit default swap has an optiontype payoff because the occurrence of a contingent event triggers ...View the full answer

Bond Markets Analysis and Strategies

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