Rank from highest credit risk to lowest credit risk the following bonds, with the same time to maturity, by their yield to maturity: Treasury bond with yield of 6.55%, IBM bond with yield of 10.95%, Trump Casino bond with a yield of 9.15%, and Banc Ono bond with a yield of 9.46%.
A) Treasury, Trump Casino, Banc Ono, IBM
B) Banc Ono, Trump Casino, IBM, Treasury
C) Trump Casino, Treasury, Banc Ono, IBM
D) IBM, Banc Ono, Trump Casino, Treasury
Correct Answer:
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