In the Lehman bankruptcy the payoff to people who had bought CDS protection was 91.375% of the notional principal.How was this determined?
A) By calculation of the cheapest-to-deliver bond
B) By an auction process
C) By a calculation agent
D) By Lehman's liquidators
Correct Answer:
Verified
Q1: Which of the following is true about
Q3: A CDS with a number of reference
Q4: If the CDS spread for a regular
Q5: Which of the following happens when the
Q6: If a tranche spread is 55 basis
Q7: In a CDS with a notional principal
Q8: What is the number of companies underlying
Q9: Which of the following describes "base correlation"
A)
Q10: Which of the following is the most
Q11: Gaussian quadrature is
A) A quadratic spline approximation
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