If you can learn to ignore your stress, it will go away

A large sample survey was used to ask a total of 2,615 managers within U.S. corporations what they considered to be the most important characteristic of effective leaders. The item that ranked #1 was:

A) Inspiring. B) Honest. C) Imaginative. D) Dependable.

Suppose a client observes the following two benchmark spreads for two bonds:

Bond issue U rated A: 150 basis points Bond issue V rated BBB: 135 basis points Your client is confused because he thought the lower-rated bond (bond V) should offer a higher benchmark spread than the higher-rated bond (bond U). Explain why the benchmark spread may be lower for bond U.