The Costs Associated with a Non-Investment Grade Issue Are

question 9

Multiple Choice

The costs associated with a non-investment grade issue are:

• A)about the same in terms of gross spread and total direct costs as an investment grade
• Issue.
• B)about the same, on average, in terms of gross spread and total direct costs whether the
• Issue is straight or convertible debt.
• C)much lower in terms of economies of scale for a non-investment grade issue versus and
• Investment grade issue.
• D)Both A and C.
• E)Both B and C.

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