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When using credit default swap (CDS) to manage your credit risk, the reference entity is...

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Finance

When using credit default swap (CDS) to manage your credit risk, the reference entity is the _________, and the firm selling you the CDS is called the _____________

a. Protection Seller, Protection buyer

b. Credit risk you are hedging, Protection seller

c. Protection buyer, protection seller.

d. Credit risk you are hedging, protection buyer

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