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What is the importance of knowing the difference between an investment-grade and non-investment-grade bond? L. Investment-grade bonds always pay all interest payments on time, whereas

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What is the importance of knowing the difference between an investment-grade and non-investment-grade bond? L. Investment-grade bonds always pay all interest payments on time, whereas most non-investment-grade bonds do not 11. To enable bond mutual fund buyers to have a better sense of the risk level of the fund III. Certain organizations and endowments are prohibited from buying non-investment-grade bonds IV. The price of investment grade bonds is always higher than that of non-investment-grade bonds Multiple Choice All of them Lil, and ill only II, illi, and IV only II and ill only III and IV only

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