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Comments (4)
Lehman CDS: It Won't Be Over Today
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trm, that is exactly backwards. The final price was 8.625, so if you paid $700,000 to insure $10M, you're collecting $9.1375M, not $862,500.
Oct 10 14:32 pm
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trm, that is exactly backwards. The final price was 8.625, so if you paid $700,000 to insure $10M, you're collecting $9.1375M, not $862,500.
Oct 10 14:32 pm
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All Comments by tradeforkeeps »Lehman CDS: It Won't Be Over Today [View article]