A Crossover Bond Is a Bond That

question 5

Multiple Choice

A crossover bond is a bond that

• A)was previously in default but is now current with its debt obligations.
• B)was issued by a non-U.S.entity but is held by a U.S.party.
• C)has both an investment-grade and a low-grade rating.
• D)was issued as investment-grade but is currently rated as low-grade.
• E)is rated by both a U.S.and a non-U.S.rating agency.

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Definitions:

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