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Edit PDF files for free. Fill & sign PDFs. ... How To Edit PDF Files Online For Free ... Use the PDF annotator to strikethrough and highlight text on PDF pages. Generally speaking, this is considered suitable for most xed-income investors Anything rated BB or Ba or lower is considered junk Junk bonds yield more than investment grade debt, but also carry with them the greater risk of default Obviously, investors focused on minimizing credit risk will want to stick with investment-grade debt But keep in mind that within the realm of investment-grade or junk-bond status, there are several gradations So even though a BBB-rated bond might still be considered high quality, it is considered much poorer in quality relative to AAA-rated bonds While this system of rating bonds is by no means perfect to reiterate, the major credit-rating agencies failed to downgrade Enron bonds to junk status until just days before the energy giant defaulted and led for bankruptcy protection it can be useful Consider the chart in Figure 12-6 It shows that on average, bonds rated by S&P as AAA almost never default Meanwhile, bonds rated AA default barely over 1 percent of the time That is far less than bonds rated A, which in turn default less frequently than bonds rated BBB and so on This template gives bond investors a great visual guide as to what level of credit risk they can expect based on the type of corporate debt they purchase What does this mean Investors most fearful of credit risk should stick with individual issues rated A or even AA or higher While such bonds won t get you the highest yields in the corporate bond universe, it should protect investors against the possibility of default risk After all, if you own 10 bonds and buy only AA issues, only one of your bonds is likely to default over a 15-year stretch Needless to say, a person interested in opportunities presented by high-yield junk bonds probably should gain that exposure through a diversi ed mutual. annotate pdf online free: Google PDF Editor: Edit PDF in Google Docs 2019 - Updated ... highlight pdf online free Simple and Effective Ways to Highlight Text in PDF - LightPDF
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