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Question 3 Not yet answered Points out of stop Flee question Which statements are correct regarding the default risk premiums as measured by the yield spreads between high- and low-grade bonds? I. The yield spreads have maintained at constant levels II. The default risk premiums can vary over time with the economic cycle III. Default risk premiums tend to shrink during economic recession IV. The yield spreads are more likely to be the widest at the peak of an economic boom Select one: O a. I only O b. Il and Ill only O c. Il and IV only o d. Il only O e. Il, Ill and IV Clear my choice Time left 2:00:09 HEWLETT PACKARD