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Basic Question 9 of 9
Which statement(s) is (are) true?
I. High-yield companies may borrow money in the high-yield commercial paper market, although their borrowing cost will be much higher than investment-grade companies.
II. Sovereign defaults never happen.
User Contributed Comments 4
| User | Comment |
|---|---|
| praj24 | Greece!!!! |
| sriera | and every country in south america or africa! |
| Vlz2103 | all countries. eventually... |
| thevinu | I knew both are false but where tf is the 3rd option? |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe funding choices by sovereign and non-sovereign governments, quasi-government entities, and supranational agencies
CFA® 2025 Level I Curriculum, Volume 4, Module 5.