Studies by Reilly and Wright (1994, 2001) and Fabozzi (2005)

Studies by Reilly and Wright (1994, 2001) and Fabozzi (2005) suggest analysis of high-yield bonds should be expanded to include all of the following EXCEPT

A) the firm's competitive position with respect to cost and pricing.
B) the firm's cash flow relative to interest expense, research expenses, and growth needs.
C) the firm's market share and growth in sales.
D) the quality of the total management team.
E) the firm's size.