Which of the Following Statements Is Most Correct

Multiple Choice

Which of the following statements is most correct?

A) Speculative grade bonds have ratings of Baa or higher and meet financial institution (banks, pension funds, insurance companies, etc.) investment standards.
B) Investment grade bonds have ratings of Baa or higher and meet financial institution (banks, pension funds, insurance companies, etc.) investment standards.
C) Speculative grade bonds have ratings of Caa or lower and meet financial institution (banks, pension funds, insurance companies, etc.) investment standards.
D) Investment grade bonds have ratings of Aaa or higher and meet financial institution (banks, pension funds, insurance companies, etc.) investment standards.
E) none of the above