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7) Bond X has a credit rating of AAA. Bond Y has a credit rating of BBB. Which one has a higher yield to maturity?

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7) Bond X has a credit rating of AAA. Bond Y has a credit rating of BBB. Which one has a higher yield to maturity? 8) Bond K has a time to maturity of 20. Bond L has a time to maturity of 10. In most instances, which bond will have a higher yield to maturity? Which one has more interest rate risk

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