WebIncludes initial monthly payment and selected options. Details . Price ($ 52. 99 x) $ 52. 99. Subtotal $ $52.99 52. 99. Subtotal. Initial payment breakdown. Shipping cost, delivery date, and order total (including tax) shown at checkout. Add to Cart. Buy Now . Enhancements you chose aren't available for this seller. WebCredit trade tighter than 172 bps, the option would expire worthless, and the investor would lose the premium paid. This is the horizontal line in Figure 2. A payer option is a put option on credit, because the buyer makes money when credit quality deteriorates—a bearish view. A payer option may also be thought of as a call option on spreads,
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