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A 1-year AA credit spread is: A.The difference between a 1-year AA interest rate and the 1-year risk-free interest rate B.A method for diversifying 1-year

A 1-year AA credit spread is:
A.The difference between a 1-year AA interest rate and the 1-year risk-free interest rate
B.A method for diversifying 1-year AA credit risk in a portfolio
C. The probability of a AA company defaulting within 1 year
D.None of the answers is correct

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