Except for the credit quality of the Credit Default Swap protection seller, the following relationship correctly approximates the yield on a risk-free instrument:

Except for the credit quality of the Credit Default Swap protection seller, the following relationship correctly approximates the yield on a risk-free instrument:
A . Bond + CDS
B . Bond + CDS + Market Spread
C . Bond – CDS
D . Bond – CDS – Market spread

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Answer: A