Why is the expected loss from a default on a swap less than the expected loss from

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Why is the expected loss from a default on a swap less than the expected loss from the default on a loan with the same principal?

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Fundamentals of Futures and Options Markets

ISBN: 978-0132993340

8th edition

Authors: John C. Hull

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Question Posted: Jan 20, 2016 08:50 AM

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Why is the expected loss from a default on a swap less than the expected loss from

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In an interestrate swap a financial institution...View the full answer

Fundamentals of Futures and Options Markets

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