A CDS with a notional principal of $100 million the reference entity defaults. What is the payoff to the buyer of protection when the recovery rate is 30%? a. $100 million b. $30 million c. $130 million d. $70 million
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Home » Business » A CDS with a notional principal of $100 million the reference entity defaults. What is the payoff to the buyer of protection when the recovery rate is 30%? a. $100 million b. $30 million c. $130 million d. $70 million