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9. (i) Indicate which bonds below are investment/ speculative grade. Letters in parenthesis are bond credit ratings from S&P. (a) 10-year corporate bond (AA) (b)

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9. (i) Indicate which bonds below are investment/ speculative grade. Letters in parenthesis are bond credit ratings from S&P. (a) 10-year corporate bond (AA) (b) 10-year municipal bond (BB) (c) 10-year corporate bond (BBB) (d) 10-year municipal bond (A) (e) 10-year corporate bond (B) () Rank bonds above from high to low credit rating (highest>lowest) Rank bonds above from high to low interest rate (highest >lowest)

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