Credit risk of a corporate bond is best described as the: A. Risk that an issuers creditworthiness
Question:
Credit risk of a corporate bond is best described as the:
A. Risk that an issuer’s creditworthiness deteriorates.
B. Probability that the issuer fails to make full and timely payments.
C. Risk of loss resulting from the issuer failing to make full and timely payments.
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The answer is C Risk of loss resulting from the issuer failing to make full an...View the full answer
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