1. Mark which column the following characteristics will have on a credit spread for a corporate bond with an “X” # *All other things constant: Higher Lower Indeterminate 6 Increasing share buybacks. 7...

#

*All other things constant:

Higher

Lower

Indeterminate

6

Increasing share buybacks.

7

Initiates a special dividend.

8

Executive turnover.

9

Has a history of horizontal integration.

10

Issues debt to fund acquisitions.