SIE Exam Practice Question 1003
Question: 1003
An investment-grade bond is one that is rated __________ or higher by Moody's. A high-yield bond is rated __________ or lower by Moody's.
Correct Answer: C
Explanation:
An investment-grade bond is one that is rated Baa3 or higher by Moody's. A high-yield bond is rated Ba1 or lower by Moody's.
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