Question: Question 3 9 Why do spreads on leveraged loans behave more like investment - grade bonds than like high - yield bonds? They tend to

Question 39
Why do spreads on leveraged loans behave more like investment-grade bonds than like high-yield bonds?
They tend to be more junior in bankruptcy.
They tend to have greater collateral backing than do high-yield bonds.
Because no bank makes a market in this debt.
Because securities firms do not make a market in this debt.
They tend to have no covenant protection.
Question 3 9 Why do spreads on leveraged loans

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