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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 was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
interpret changes in a credit spread;
CFA® 2025 Level II Curriculum, Volume 4, Module 29.