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Problem 7-18 Credit Risk and Yield (LG7-7) Rank the following bonds in order from lowest credit risk to highest risk all with the same time

Problem 7-18 Credit Risk and Yield (LG7-7)

Rank the following bonds in order from lowest credit risk to highest risk all with the same time to maturity, by their yield to maturity: (Rank: 1 = lowest, 4 = highest)

Treasury bond with yield of 4.80 percent
United Airline bond with yield of 9.22 percent
Bank of America bond with a yield of 6.40 percent
Hewlett-Packard bond with yield of 6.93 percent

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