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A 5-year 5% ann BB-rated corporate bonds yield to maturity is 4%. Price = ? The bond gets upgraded to AA-. Its yield is likely
A 5-year 5% ann BB-rated corporate bonds yield to maturity is 4%. Price = ? The bond gets upgraded to AA-. Its yield is likely to be lower or higher ? than 4% and lower or higher ? than 5%, and the price is likely to go up or go down?
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