A Corporate Bond with a Rating of BBB- Is Considered

question 40

Multiple Choice

A corporate bond with a rating of BBB- is considered to be which of the following?

• A)non-investment grade
• B)investment grade
• C)speculative grade
• D)junk,or high-yield

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Definitions:

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period.

Financial Statement

Documents that provide an overview of a company's financial performance and condition, typically including the balance sheet, income statement, and cash flow statement.

Merchandising Business

A company involved in the purchase and sale of goods, typically aiming to sell at a higher price than purchase cost.

Automobile Dealer

A business entity that sells new or used cars at the retail level, based on a dealership contract with an automaker.