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A bond s credit rating provides a guide to its price. In early 2 0 1 2 , Aaa bonds yield 5 . 1 5
A bonds credit rating provides a guide to its price. In early Aaa bonds yield and Baa bonds yield If some bad news causes a fiveyear bond with a coupon rate of paid annually to be unexpectedly downrated from AAA to BBB critically discuss what would be the effect on the bond price?
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