1) CDS (Credit Default Swaps) effectively act as ____________ against an issuer defaulting.
2) Bond prices and yields have a(n) ______ relationship.
3) Assuming an investor is in the 36% tax bracket, a municipal bond with a yield of 7.5% has a tax equivalent yield of ________?
4) Corporate bonds that are rated below Baa3/BBB- are considered __________