Bonds with a rating of BBB (on the Standard & Poor's and Fitch scale) or Baa (on Moody's scale) or better are considered _____________ bonds. But bonds with lower ratings are considered speculative and often referred to as ________________ bonds.

Question 14 options:

investment-grade; high yield or junk

non investment-grade; high yield or high quality

non investment-grade; investment grade or high yield

high yield; investment-grade or high-quality