问题如下图：
选项：
A. 
B. 
C. 
解释：
请问2和3都错在哪里了？~
发亮_品职助教 · 2018年05月08日
同样，利用这道题把结论记住。
Difference 2的错误：平均而言，EM recovery rate是比developed 要低的。
Historically, recovery rates for emerging market bonds in default, on average, are lower than in developed markets.
Difference 3的错误：EM的Bonds主要集中在investment-grade的Lower portion；和High-yield的Hihger portion。
Compared with that of developed markets, the emerging market credit universe has a high concentration in both the lower portion of the investment-grade rating spectrum and the upper portion of high yield.
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