A Question 8 (1 point) Which one of the following statements concerning bond ratings is correct? . NIE Saved 17 a) Investment grade bonds will have a lower yield to maturity than speculative bonds as investment grade bonds have a lower probability of non-repaymer BBB b) Investment grade bonds are rated BB or higher by Standard & Poor's. Less c) Bonds with the highest rating are more likely to default. X d) Bond ratings assess both interest rate risk and default risk X and & 1 ib 27843