Assignment:
Q1. How do the mechanics of a single-name credit default swap differ from that of a credit default swap index?
Q2. How does the LCDX index differ from CDX.HY?
Q3. How can a portfolio manager use a credit default swap index where the underlying are investment-grade corporate bonds to alter exposure to the corporate bond market?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.