Which of the following statements about bond ratings and the rating agencies are true?

(i) The rating agencies provide assessments of only default risk.

(ii) Bonds with ratings of BB+ are are considered high yield securities.

(iii) Junk bonds tend to have higher yields than investment grade bonds.

Group of answer choices

Only (ii) and (iii) are true.

All three are true.

Only (i) is true.

Only (i) and (ii) are true.

None are true.