All else equal, which of the following factors would cause a bond to have a higher yield? i. a bond with a higher rating (vs. a bond with a lower rating) ii. a callable bond (vs. a non-callable bond) iii. a debenture (vs. an asset-backed bond)
Multiple Choice :
a) II and III only
b) I and II only
c) All of them d) II only e) I only