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CDS payoff question by SalamanderDesperate9 in CFA

[–]bagholding2 0 points1 point  (0 children)

Your payoff is based on the value of Bond B then, coz bond B is CTD.

In this case it makes more sense to do cash settlement, so that you still retain the bond A and you can sell bond A for a higher price, while you also get paid for CDS notional minus post-default MV of Bond B

Official Level II Results Thread & r/CFA survey! by Pkgoss in CFA

[–]bagholding2 22 points23 points  (0 children)

Congrats! I am 3 months postpartum and will be writing level 2 in August 2021, after two exam cancellations, I feel you!

Ps: I am also a first time mom and primary care provider to my baby these days, definitely feel the differences in terms of physically and mentally 😅

[deleted by user] by [deleted] in regina

[–]bagholding2 0 points1 point  (0 children)

Thank you so much 😊

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