- CFA Exams
- CFA Exam: Level II 2021
- Study Session 13. Fixed Income (2)
- Reading 35. Credit Analysis Models
- Subject 6. The term structure of credit spreads
CFA Practice Question
For most investment grade securities, the credit term structure tends to be:
B. slightly downward sloping
C. flat or slightly upward sloping
A. steep and upward
B. slightly downward sloping
C. flat or slightly upward sloping
Correct Answer: C
These highly rated securities have extremely low credit spreads.
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