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1. What is the likelihood of default with regard to the purchase of bonds? A. the likelihood that the bond issuer will not be able

1. What is the likelihood of default with regard to the purchase of bonds?

A. the likelihood that the bond issuer will not be able to repay bond principal and associated interest

B. the likelihood that the investor will not be able to pay for the bond

c. the likelihood that the broker will not be able to offer the bond for sale

D. none of these

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