The Following Information Relates to Questions 49-57liz Tyo Is a Fund

question 40

Multiple Choice

The following information relates to Questions 49-57liz Tyo is a fund manager for an actively managed global fixed-income fund that buys bonds
issued in Countries A, b, and
-based on Exhibit 2, the implied credit and liquidity risks as indicated by the historical three-year swap spreads for Country b were the lowest:

• A) 1 month ago.
• B) 6 months ago.
• C) 12 months ago.

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