A bond tends to pay a high interest rate if it is a. a short-term bond rather

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A bond tends to pay a high interest rate if it is

a. a short-term bond rather than a long-term bond.

b. a municipal bond exempt from federal taxation.

c. issued by the federal government rather than a corporation.

d. issued by a corporation of dubious credit quality.

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Essentials Of Economics

ISBN: 9780357723166

10th Edition

Authors: N. Gregory Mankiw

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