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All else equal, which of the following factors would cause a bond to have a higher yield? I. A bond with a higher rating (vs.

All else equal, which of the following factors would cause a bond to have a higher yield?

I. A bond with a higher rating (vs. a bond with a lower rating)

II. A callable bond (vs. a non-callable bond)

III. A Debenture (vs. an asset-backed bond)

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