According to Standard & Poor's Rating Definitions, Speculative Grade Securities

question 8

Multiple Choice

According to Standard & Poor's rating definitions, speculative grade securities are rated:

• A)below AAA
• B)below AA
• C)BBB and above
• D)BB and belowD.

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Definitions:

Patent

A legal right granted by the government to an inventor, giving the holder exclusive rights to use, make, or sell the invention for a certain period.

Intangible Assets

Assets lacking physical substance, such as patents, trademarks, and goodwill, that are nevertheless valuable to a company.

Kitchen Gadget

A small tool or device that is used in the kitchen for food preparation and cooking tasks.

Land

An asset category representing the ground a company owns, which is not subject to depreciation unlike buildings and equipment.