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13. What does the bond rating imply about the current price of the bond compared to the price when issued? - (a) the current default

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13. What does the bond rating imply about the current price of the bond compared to the price when issued? - (a) the current default risk is lower so the bond price is higher (b) the current default risk is higher so the bond price is higher e (c) the current default risk is lower so the bond price is lower (d) the current default risk is higher so the bond price is lower

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