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Basic Question 0 of 3
Which statement is false?
B. A high quality issuer with a strong competitive position in a stable industry may face a upward-sloping credit spread curve.
C. In the distressed debt scenarios, the credit spread to a benchmark rate is a useful gauge to assess the credit risk.
A. High-yield issuers in cyclical industries sometimes face a downward-sloping credit spread curve.
B. A high quality issuer with a strong competitive position in a stable industry may face a upward-sloping credit spread curve.
C. In the distressed debt scenarios, the credit spread to a benchmark rate is a useful gauge to assess the credit risk.
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
explain the determinants of the term structure of credit spreads and interpret a term structure of credit spreads;
CFA® 2025 Level II Curriculum, Volume 4, Module 29.