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Q-91. Which of the following statements concerning credit default swap is correct?
A
The effective maturity of a CDS is reduced by including a mutual put in the master agreement.
B
To purchase a single-name CDS contract, the buyer must also own the reference asset.
C
Typically, there is only one reference asset that can be delivered to satisfy a CDS contract.
D
CDS contracts can only be satisfied through cash settlement.
