Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following things about bond ratings is true? O A. Investors used to pay rating agencies to produce reports, but since information is

image text in transcribed

Which of the following things about bond ratings is true? O A. Investors used to pay rating agencies to produce reports, but since information is easier to share among investors in the modern age of technology, now the rating agencies are paid directly by the companies they are rating OB. A bond is considered a "junk bond" only if it falls below a "B" rating O C. Bond rating agencies are free of any conflicts of interest when determining their ratings OD. There is only one company that issues corporate bond ratings in the U.S

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Parimutuel Applications In Finance New Markets For New Risks

Authors: Ken Baron, Jeffrey Lange

1st Edition

1403939500, 9781403939500

More Books

Students also viewed these Finance questions