Search results

Hi David, I am unable to understand the case study.Can you please explain how it was supposed to earn money?. Also, It says it was a long credit risk on equity , meaning it would benefit by an increase in credit risk on equity, but as they had sold protection on equity they would have to pay...

Hi David, I was going through the material (Gregory) on page 52 , can you please explain as to how does the exposure increase in case of bonds when the interest rates decline?