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Basic Question 0 of 8
Which statement is true?
I. High-yield bonds have a higher proportion of YTM attributed to a credit spread, while investment-grade bonds have a lower proportion of YTM attributed to a credit spread. II. The only difference between investment-grade and high-yield corporate bonds is simply the difference in credit spreads to compensate investors for assuming more or less default risk.
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Edward Liu
Learning Outcome Statements
contrast the long-term funding of investment-grade versus high-yield corporate issuers
CFA® 2025 Level I Curriculum, Volume 4, Module 4.