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Basic Question 0 of 7
The lower the recovery rate, the ______ the credit spread, and the ______ credit rating.
B. larger, higher
C. smaller, lower
A. larger, lower
B. larger, higher
C. smaller, lower
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
contrast accounting profit, taxable income, taxes payable, and income tax expense and temporary versus permanent differences between accounting profit and taxable income
CFA® 2025 Level I Curriculum, Volume 3, Module 9.