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kevinzhu · 2021年04月09日

5 year 和10 year

* 问题详情,请 查看题干

NO.PZ201712110200000509

问题如下:

A profitable equity-versus-credit trade involving Delta and Zega is to:

选项:

A.

short Zega shares and short Delta 10-year CDS.

B.

go long Zega shares and short Delta 5-year CDS.

C.

go long Delta shares and go long Delta 5-year CDS.

解释:

B is correct.

If Delta Corporation issues significantly more debt, it raises the probability that it may default, thereby increasing the CDS spread. The shares of Zega will be bought at a premium resulting from the unsolicited bid in the market. An equity-versus-credit trade would be to go long (buy) the Zega shares and short (buy protection) the Delta five-year CDS.

5 year 和 10 year在这道题目里面有区别吗?

1 个答案
已采纳答案

WallE_品职答疑助手 · 2021年04月10日

嗨,努力学习的PZer你好:


在这道题里面没区别,对判断策略无影响。

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努力的时光都是限量版,加油!

追梦赤子 · 2023年05月11日

没有区别,为啥不选A呢?