A reduction in the credit rating of a business would reduce the fair value of its debt

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A reduction in the credit rating of a business would reduce the fair value of its debt instruments.

Explain why this is the case.

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Financial Accounting And Reporting

ISBN: 9780273708704

11th Edition

Authors: Barry Elliott, Jamie Elliott

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Question Posted: May 31, 2024 11:04 AM

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A reduction in the credit rating of a business would reduce the fair value of its debt

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Financial Accounting And Reporting

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