High yield debt, also known as junk bonds," is typically rated by S&P (Moody's) as: none of the answers is correct. BB (Ba) or lower. A (A) or lower. BBB (Baa) or lower. AA (Aa) or lower. Which of the following statements is correct? Commercial paper is a short-term, unsecured promissory note issued by large, well-known, and financially strong corporations including finance companies. Many convertible bond issuers are old and well-established large firms that need extra cash to grow. The only cash payments regularly made by corporations directly to their stockholders are interest payments. A stock dividend is a payment by the corporation to its stockholders in gold or other precious metal instead of cash. All the answers are correct