QUESTION 46 Which of the following is the lowest rating of a bond from Fitch and Standard and Poor's that is still classified as investment grade? O a.D b. Caa O BBB- d.B QUESTION 47 A bond which was previously rated as investment grade but which has been downgraded to junk (speculative) status is commonly referred to as a: O a protected bond. Ob.conversion bond. O e fallen angel Od dead beat QUESTION 48 A $1,000 face value bond quoted as 102.23 sells for O a $102.23. 6. $102.72. O $1,022.30. O d. $1,027.19. Ob. c QUESTION 49 A $1,000 face value bond quoted as 98:16 sells for a $98.16. b. $985.00 O $982.60 d. 89816.00 QUESTION 50 An 8 percent $1,000 bond matures in 10 years, pays interest semi-annually, and has a yield to maturity of 10 percent. What is the current market price of the bond? a 5601.58 Ob.$647.76 O $875.38 O d. $909.09