CFA Practice Question

There are 266 practice questions for this study session.

CFA Practice Question

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.
Correct Answer: Both are false.

I. There is no high-yield commercial paper market.

II. A sovereign default is the failure or refusal of the government of a sovereign state to pay back its debt in full.

User Contributed Comments 3

User Comment
praj24 Greece!!!!
sriera and every country in south america or africa!
Vlz2103 all countries. eventually...
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