Multiple Choice
Bonds with relatively low risk of default are called ________ securities and have a rating of Baa (or BBB) and above;bonds with ratings below Baa (or BBB) have a higher default risk and are called ________.
A) investment grade;lower grade
B) investment grade;junk bonds
C) high quality;lower grade
D) high quality;junk bonds
Correct Answer:
Verified
Correct Answer:
Verified
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