为什么当coupon payment 小于 spread时候，还是dicount，本来seller就收得少了，再discount不是更亏了吗

NO.PZ2021120102000025问题如下 Whiof the following cret portfolio positioning strategies isthe most appropriate to unrweight the financisector versus inx? A.Purchase protection on the C ansell protection on the CFinancials subinx.B.Sell protection on the C anpurchase protection on the C Financials subinx.C.Purchase a payer option on the C ansell protection on the C Financials subinx. B is correct. Selling protection on the C inx is a“long” cret sprerisk position, while purchasing protection on the C Financialssubinx is a “short” cret spreriskposition, leaving the investor with a long inx position without exposure tofinancireferenentities in the C inx. Both A anC increase exposure to financisector issuers. purchase a payer option on C 啥意思

NO.PZ2021120102000025 问题如下 Whiof the following cret portfolio positioning strategies isthe most appropriate to unrweight the financisector versus inx? A.Purchase protection on the C ansell protection on the CFinancials subinx. B.Sell protection on the C anpurchase protection on the C Financials subinx. C.Purchase a payer option on the C ansell protection on the C Financials subinx. B is correct. Selling protection on the C inx is a“long” cret sprerisk position, while purchasing protection on the C Financialssubinx is a “short” cret spreriskposition, leaving the investor with a long inx position without exposure tofinancireferenentities in the C inx. Both A anC increase exposure to financisector issuers. versus inx是指啥

NO.PZ2021120102000025 问题如下 Whiof the following cret portfolio positioning strategies isthe most appropriate to unrweight the financisector versus inx? A.Purchase protection on the C ansell protection on the CFinancials subinx. B.Sell protection on the C anpurchase protection on the C Financials subinx. C.Purchase a payer option on the C ansell protection on the C Financials subinx. B is correct. Selling protection on the C inx is a“long” cret sprerisk position, while purchasing protection on the C Financialssubinx is a “short” cret spreriskposition, leaving the investor with a long inx position without exposure tofinancireferenentities in the C inx. Both A anC increase exposure to financisector issuers. 买了protection不是可以overweight吗？

NO.PZ2021120102000025 问题如下 Whiof the following cret portfolio positioning strategies isthe most appropriate to unrweight the financisector versus inx? A.Purchase protection on the C ansell protection on the CFinancials subinx. B.Sell protection on the C anpurchase protection on the C Financials subinx. C.Purchase a payer option on the C ansell protection on the C Financials subinx. B is correct. Selling protection on the C inx is a“long” cret sprerisk position, while purchasing protection on the C Financialssubinx is a “short” cret spreriskposition, leaving the investor with a long inx position without exposure tofinancireferenentities in the C inx. Both A anC increase exposure to financisector issuers. 看不懂题，是哪块知识点漏了吗？

NO.PZ2021120102000025问题如下 Whiof the following cret portfolio positioning strategies isthe most appropriate to unrweight the financisector versus inx? A.Purchase protection on the C ansell protection on the CFinancials subinx.B.Sell protection on the C anpurchase protection on the C Financials subinx.C.Purchase a payer option on the C ansell protection on the C Financials subinx. B is correct. Selling protection on the C inx is a“long” cret sprerisk position, while purchasing protection on the C Financialssubinx is a “short” cret spreriskposition, leaving the investor with a long inx position without exposure tofinancireferenentities in the C inx. Both A anC increase exposure to financisector issuers. 老师，题中是要unrweight the financisector，那不是应该 buy the protection on the c 吗？谢谢