A Corporate Bond Rated B by the DBRS Would Be

question 78

Multiple Choice

A corporate bond rated B by the DBRS would be suitable for:

• A)every investor.
• B)very cautious investors.
• C)speculators.
• D)no one because the bond issue is in default.
• E)knowledge investors.

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Definitions:

Void

A legal term indicating that an agreement or contract has no legal force or effect and is unenforceable.

Consideration

In legal terms, it refers to something of value that is exchanged between parties in a contract, making the agreement legally binding.

Breach of Contract

A situation where one or more parties involved in a contract fail to fulfil their legal obligations as outlined in that contract.

Writing Requirement

A legal stipulation that certain kinds of contracts must be in writing to be enforceable.