A fallen angel bond is best defi ned as a bond issued: a. Below investment grade. b.
Question:
A “fallen angel” bond is best defi ned as a bond issued:
a. Below investment grade.
b. At an original issue discount.
c. As investment grade, but declined to speculative grade.
d. As a secured bond, but the collateral value declined below par value.
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Related Book For
Essentials Of Investments
ISBN: 9780073368719
7th Edition
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
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