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8) a) List three key characteristics of bonds. Which of the following bonds issued by the same company should have the higher rating? b) 6%

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8) a) List three key characteristics of bonds. Which of the following bonds issued by the same company should have the higher rating? b) 6% Debentures due 2030 6% Subordinated Debentures due 2030 Why? c) Which of the following bonds should have the lower yield to maturity? 5% Debentures due 2025 6% Mortgage Bonds due 2025? Why

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