So-Called Fallen Angels Differ from Junk Bonds in That

question 116

Multiple Choice

So-called fallen angels differ from junk bonds in that

• A) junk bonds refer to newly issued bonds with low credit ratings, whereas fallen angels refer to previously issued bonds which have had their credit ratings fall below Baa.
• B) junk bonds refer to previously issued bonds which have had their credit ratings fall below Baa, whereas fallen angels refer to newly issued bonds with low credit ratings.
• C) junk bonds have ratings below Baa, whereas fallen angels have ratings below C.
• D) fallen angels have ratings below Baa, whereas junk bonds have ratings below C.

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