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13. During periods of economic stress, the typical pattern of behavior among spreads we observe is that: a. Credit spreads compress relative to risk-free rates
13. During periods of economic stress, the typical pattern of behavior among spreads we observe is that: a. Credit spreads compress relative to risk-free rates b. Credit spreads remain stable relative to risk-free rates c. Credit spreads demonstrate no consistent pattern of behavior d. Credit spreads widen relative to risk-free rates
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