- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 16. Credit Analysis for Corporate Issuers
- Subject 1. Assessing Corporate Creditworthiness
CFA Practice Question
High-yield bond issuers tend to depend more heavily on bank debts which have the following features ______.
II. higher fixed interest rates
III. senior claim on assets
IV. floating rates
I. shorter maturity
II. higher fixed interest rates
III. senior claim on assets
IV. floating rates
Correct Answer: I, III and IV
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