- CFA Exams
- CFA Level I Exam
- Study Session 14. Fixed Income (1)
- Reading 43. Fixed-Income Markets: Issuance, Trading, and Funding
- Subject 1. Classification of Fixed-Income Markets
CFA Practice Question
The primary difference between an AAA bond issue and a CCC bond issue is ______.
A. credit quality
B. coupon rates
C. maturity dates
Explanation: Debt markets are classified based on the issuer's creditworthiness, as judged by the credit rating agencies.
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