CFA Practice Question

There are 266 practice questions for this study session.

CFA Practice Question

For an A- rated corporate bond that has deteriorating fundamentals, but is expected to remain investment-grade, the greatest risk is most likely ______.
A. liquidity risk
B. default risk
C. credit spread risk
Explanation: The bond is expected to see a widening of spreads as a result of deteriorating fundamentals and a potential downgrade but still remains investment-grade.

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