Which of the following is true about a CDS?
A. Restructuring is never a credit event
B. Restructuring is always a credit event
C. Certain types of restructuring qualify as credit events but others do not
D. Sometimes a CDS is defined so that restructuring is a credit event and sometimes it is not
D
Sometimes restructuring is included as a credit event and sometimes it is not.
Business
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a. True b. False
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