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Basic Question 2 of 2
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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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
contrast the long-term funding of investment-grade versus high-yield corporate issuers
CFA® 2026 Level I Curriculum, Volume 4, Module 4.