15-36 Buyers of LDC debt in secondary markets typically are large FIs who are willing to accept write-downs of loans on their balance sheets.

Question

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Buyers of LDC (Less Developed Country) debt in secondary markets are typically investors looking for high-risk, high-reward opportunities, not necessarily large financial institutions (FIs) willing to accept write-downs.

15-36 Buyers of LDC Debt in Secondary Markets Typically Are