With regard to bond ratings, which of the following statements is INCORRECT? a. The first four categories

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With regard to bond ratings, which of the following statements is INCORRECT?

a. The first four categories represent investment‐grade securities.

b. Ratings reflect the absolute probability of default.

c. Both corporates and municipals are rated.

d. Ratings are current opinions on the relative quality of bonds.

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Investments Analysis And Management

ISBN: 9781118975589

13th Edition

Authors: Charles P. Jones, Gerald R. Jensen

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Question Posted: Dec 24, 2023 01:51 AM

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With regard to bond ratings, which of the following statements is INCORRECT? a. The first four categories

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Investments Analysis And Management

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