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    Exam 20: Financial Decisions and Risk Management
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    Bonds That Have the Highest Default Rate and the Highest
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Bonds That Have the Highest Default Rate and the Highest

Question 21

Question 21

Multiple Choice

Bonds that have the highest default rate and the highest yield rate are ________ bonds.


A) high grade
B) investment grade
C) mixed grade
D) income grade
E) junk

Correct Answer:

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