A Digital Default Swap Is a Contract That Is Distinct

question 29

Multiple Choice

A digital default swap is a contract that is distinct from a credit default swap in that

• A) It pays nothing is no credit event occurs.
• B) It pays a fixed amount if a credit event occurs.
• C) It has a single premium upfront instead of periodic premium payments.
• D) Premium payments are only due if a credit event occurs.

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Definitions:

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Known as a charming leading man of silent film, particularly famous for his roles in classic swashbuckling movies of the early 20th century.

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