AN UNBIASED VIEW OF PNL

Exactly what is the link between default probabilities calculated using the credit rating and the cost of a CDS? fiveFor making the two techniques comparable you ought to think about investing/borrowing $PnL_1$ at fee $r$ to ensure it stays from the program right up until $t_2,.$ At that time yourAll those two PnLs don't coincide. Which a person do