1. Bond ratings assess the:
maturity risk of individual bonds.
liquidity risk of companies that issue bonds.
default risk of individual bonds.
the overall risk (DR+LR+MR) of companies that issue bonds.
2. Andria has a gross monthly income of $3,000. She has a monthly payment of $300 on her car and $200 on her student loan. What is her maximum monthly PITI payment?