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Which of the following bonds are most likely to exhibit the greatest spread volatility? a) Bonds rated Aaa/AAA/AAA by Moodys/S&P/Fitch b) Bonds rated Aa2/AA/AA by

Which of the following bonds are most likely to exhibit the greatest spread volatility?

a) Bonds rated Aaa/AAA/AAA by Moodys/S&P/Fitch

b) Bonds rated Aa2/AA/AA by Moodys/S&P/Fitch

c) Bonds rated Baa3/A3/BBB- by Moodys/S&P/Fitch

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