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35. Which one of the following statements concerning bond ratings is correct? A) Investment grade bonds include only those bonds receiving an A or higher

35. Which one of the following statements concerning bond ratings is correct?

A) Investment grade bonds include only those bonds receiving an A or higher rating.

B) A "fallen angel" is a bond that fell from an A rating or above to a BBB rating.

C) Bond ratings only assess the possibility of default.

D) Moody's is the sole provider of bond ratings.

E) Bond ratings consider the potential price volatility of a bond.

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