CFA CFA Level 1 credit risk versus default risk/premiums

credit risk versus default risk/premiums

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    • Avatar of tkttkt
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        • CFA Level 3
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        Acccording to the CFA Curriculum:

        Required rate of return on a security = real risk-free rate + inflation premium + default risk premium + liquidity risk premium + maturity risk premium.

        The CFA Curriculum didn’t categorize “default + liquidity + maturity” as credit risk, so I couldn’t comment if that’s right.

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