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bonds are long-term, high-risk, high-interest-rate corporate (or municipal) IOUS issued by companies (or municipalities) with poor or no credit ratings. O Junk Investment-grade O Treasury
bonds are long-term, high-risk, high-interest-rate corporate (or municipal) IOUS issued by companies (or municipalities) with poor or no credit ratings. O Junk Investment-grade O Treasury O Zero-coupon Municipal
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