PRMIA 8010 Question Answer
Company A issues bonds with a face value of$100m, sold at $98. Bank B holds $10m in face of these bonds acquired at a price of $70. Company A then defaults, and the recovery rate is expected to be 30%. What is Bank B's loss?
PRMIA 8010 Summary
- Vendor: PRMIA
- Product: 8010
- Update on: Jul 29, 2025
- Questions: 240