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Basic Question 8 of 11
Reduced-form models aim to explain:
B. when default occurs.
C. how likely default occurs.
A. why default occurs.
B. when default occurs.
C. how likely default occurs.
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Martin Rockenfeldt
Learning Outcome Statements
explain structural and reduced-form models of corporate credit risk, including assumptions, strengths, and weaknesses;
CFA® 2025 Level II Curriculum, Volume 4, Module 29.