Examlex
Which of the following are true concerning bond ratings?
I. They have a greater impact on the price and yield of junk bonds than on investment grade bonds.
II. They provide investors with a convenient way to assess the relative risk of various bond issues.
III. They are provided by an independent government agency.
IV. They have a significant effect on a bond's price and yield.
Professional Association
An organization seeking to further a particular profession, the interests of individuals engaged in that profession, and the public interest.
Insurance Agent
A professional who sells, solicits, or negotiates insurance policies on behalf of an insurer.
Threefold Test
A method used in various legal contexts to evaluate criteria or conditions based on three distinct factors.
Negligent Misrepresentation
Providing false or misleading information carelessly, leading to someone else making a detriment based on that information.
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