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Basic Question 0 of 5
If an investor believes a reference entity's credit quality will improve, she would:
B. sell protection now.
C. sell protection later.
A. buy protection now.
B. sell protection now.
C. sell protection later.
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You have a wonderful website and definitely should take some credit for your members' outstanding grades.

Colin Sampaleanu
Learning Outcome Statements
explain the types of heteroskedasticity and how it affects statistical inference;
CFA® 2025 Level II Curriculum, Volume 1, Module 3.