A bank would like to reduce their credit risk on their bond portfolio: therefore, they...
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A bank would like to reduce their credit risk on their bond portfolio: therefore, they purchase bonds from many different issuers and sectors of the economy. Which type of credit risk do they most likely reduce from diversifying A. Firm-specific credit risk only B. Systemic credit risk only C. Bothfirm specific and systemic credit risk D. Neither firm-specific or systemic credit risk
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