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Which of the following statements is correct regarding Credit Risk for a fixed income investor in a common Investment Grade bond? Select one: Credit Risk

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Which of the following statements is correct regarding Credit Risk for a fixed income investor in a common Investment Grade bond? Select one: Credit Risk is minimal. As a public instrument the bond would always rank more senior than Senior Debt Credit risk is asymmetric, there is downside risk in line with the probability of default captured in the bonds credit rating Credit Risk is higher than the risk for a high-yield bond Credit Risk is symmetric with equal downside risk and upside potential

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