Question 27 (1 point) Which of the following about default premium is true? a) It is the difference between the promised yield on a corporate bond and the yield on otherwise identical government bond. b) The pattern of default premiums on risky bonds is called term structure of interest rates. O c) It is also called the yield curve. d) AAA bonds have the highest yield. Glenis Diez: Allempl I Est. Length: 2:00:00 Which of th following about credit default swaps (CDSs) is true? a) It is designed to allow borrowers to buy protection against losses on large loans. b) During the peak of financial crisis in September 2008, price of CDS on U.S. banks' debt reached 600 basis points. It is like an insurance policy on default risk of corporate bond or loan. d) They were later used to speculate on financial health of the