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    Results FRM May 2011

    Passed Level 2...Thanks David. Owe this to you!!
  2. P

    CDS related question

    Comapny A with a market cap of $announces a stocy buy back program of $5B. How will the CDS on Company A react? My thoughts: Stock buy back with bring down the cash and equity--- leading to the a higher leverage ratio. So the CDS spread has to increase. any thoughts??
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