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Basic Question 0 of 9
If we observe an increasing default probability but decreasing benchmark rate over longer maturity periods, we will likely see a ______ credit spread curve.
B. flat
C. downward-sloping
D. uncertain
A. upward-sloping
B. flat
C. downward-sloping
D. uncertain
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Learning Outcome Statements
compare the credit analysis required for securitized debt to the credit analysis of corporate debt.
CFA® 2025 Level II Curriculum, Volume 4, Module 29.