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Basic Question 2 of 6
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 am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
interpret changes in a credit spread;
CFA® 2025 Level II Curriculum, Volume 4, Module 29.