Multiple Choice
Which of the following is most likely to occur immediately following the announcement that the rating on a corporate bond has been lowered to junk status?
A) The yield-to-maturity on the bond will decline.
B) The price of the bond will decline.
C) The price of the bond will increase
D) More than one of these
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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