Jeff
2021-11-04 11:51怎么理解senior和sub的correlation上升,會(huì)使mezzanine的value增長
所屬:CFA Level III > Fixed-Income Portfolio Management 視頻位置 相關(guān)試題
來源: 視頻位置 相關(guān)試題
1個(gè)回答
Chris Lan助教
2021-11-05 10:33
該回答已被題主采納
同學(xué)你好
這個(gè)地方協(xié)會(huì)是勘誤的,他其實(shí)說的是相關(guān)性上升,equity價(jià)值會(huì)上升。
If the correlation of the expected defaults on the CDO collateral of the senior and subordinated traches is positive, the relative value of the equity tranche compared with the senior and mezzanine tranches will increase.
