Standard & Poors ratings are grouped into two major categories, investment-grade and speculative- grade
Bonds that are rated (i) are included in the investment-grade group, while speculative-grade bonds are those rated (ii) .
(i) (ii)
a. AAA, AA, A BBB, BB, B, CCC, CC, C
b. AAA, AA, A, BBB BB, B, CCC, CC, C
c. AAA, AA, A, BBB, BB B, CCC, CC, C
d. AAA, AA, A, BBB, BB, B CCC, CC, C
B
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The _____ is an indication of how frequently interval estimates based on samples of the same size taken from the same population using identical sampling techniques will contain the true value of the parameter we are estimating
a. residual b. tolerance factor c. confidence level d. accuracy level
The adverse selection problem as related to the insurance industry means that people who have insurance are less likely to suffer losses than people who do not have insurance
a. True b. False Indicate whether the statement is true or false