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    Contemporary Financial Management Study Set 2
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    Exam 7: Fixed Income Securities: Characteristics and Valuation
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    Junk Bonds (I
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Junk Bonds (I

Question 94

Question 94

Multiple Choice

Junk bonds (i.e., bonds issued by companies with weak financial positions) are rated ____ or lower by Standard & Poor's.


A) Baa
B) BB
C) Ba
D) CCC

Correct Answer:

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