Insurance companies are assigned ratings by all of the following, except
A) Moody's.
B) Standard and Poor's.
C) Securities and Exchange Commission.
D) A.M. Best.
Answer: C
You might also like to view...
The following quotes are from Mihir Bhattacharya, "Convertible Securities and Their Valuation," Chapter 51 in Frank J. Fabozzi (ed.), The Handbook of Fixed Income Securities: Sixth Edition (New York: McGraw-Hill, 2001)
(Bhattacharya states: "Increased debt market volatility has driven home the point of duration risk inherent in any security with a fixed income component, including convertibles. The increased volatility of the spreads (over Treasury or other interest rate benchmarks) has heightened investor sensitivity to the reliability of the fixed income floor or bond value of the convertible." What message is the author is trying to convey to investors?
NZMA stock is currently selling for $128. Which of the following options is "in-the-money"?
A) March 130 call B) February 125 call C) March 125 put D) February 100 put