Studies by Reilly and Wright (1994,2001)and Fabozzi (2005)suggest Analysis of High-Yield

question 37

Multiple Choice

Studies by Reilly and Wright (1994,2001) and Fabozzi (2005) suggest analysis of high-yield bonds should be expanded to include all of the following except

• A) The firm's competitive position with respect to cost and pricing
• B) The firm's cash flow relative to interest expense, research expenses, and growth needs
• C) The firm's market share and growth in sales
• D) The quality of the total management team
• E) All of the above were suggested as important areas of expanded analysis by these studies