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Basic Question 9 of 9
High-yield bond issuers tend to depend more heavily on bank debts which have the following features ______.
II. higher fixed interest rates
III. senior claim on assets
IV. floating rates
I. shorter maturity
II. higher fixed interest rates
III. senior claim on assets
IV. floating rates
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Learning Outcome Statements
describe the qualitative and quantitative factors used to evaluate a corporate borrower's creditworthiness
CFA® 2025 Level I Curriculum, Volume 4, Module 16.