If an investor holds a fiveyear IBM bond, it will give him a return very close to the return of the following position: ().
A.A fiveyear IBM credit default swap on which he pays fixed and receives a payment in the event of default
B.A fiveyear IBMcredit default swap onwhich he receives fixed andmakes a payment in the event of default
C.A fiveyear U.S. Treasury bond plus a fiveyear IBM credit default swap on which he pays fixed and receives a payment in the event of default
D.A fiveyear U.S. Treasury bond plus a fiveyear IBM credit default swap on which he receives fixed and makes a payment in the event of default