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All else equal, corporate bonds with lower (worse) credit ratings have [___] yields and [___] likelihood of default than those with higher (better) credit ratings.

All else equal, corporate bonds with lower (worse) credit ratings have [___] yields and [___] likelihood of default than those with higher (better) credit ratings.

a. higher;higher

b. higher;lower

c. lower;higher

d. lower;lower

e. more negative;lower

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