Moodys rating system, an Aaa bond and a Caa bond are _________ and _________, respectively.
A. speculative; investment grade
B. prime quality; medium grade
C. prime quality; speculative
D. medium grade; lowest grade
Answer:C
Moodys rating system, an Aaa bond and a Caa bond are _________ and _________, respectively.
A. speculative; investment grade B. prime quality; medium grade C. prime quality; speculative D. medium grade; lowest grade