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Basic Question 2 of 5
If all other factors are equal, which company would have the widest credit spread?
B. Walmart
C. P&G
A. American Airlines
B. Walmart
C. P&G
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Martin Rockenfeldt
Learning Outcome Statements
explain how the phase of the business cycle affects credit spreads and the performance of credit-sensitive fixed-income instruments;
explain how the characteristics of the markets for a company's products affect the company's credit quality;
CFA® 2025 Level II Curriculum, Volume 6, Module 37.