Question
Bonds: which of the following is FALSE? A) The riskier the industry, the higher the bond's YTM B) AAA-rated bonds are riskier than ABB-rated bonds
Bonds: which of the following is FALSE?
A) The riskier the industry, the higher the bond's YTM
B) AAA-rated bonds are riskier than ABB-rated bonds
C) Bonds from companies with high-risk and high-returns have lower bond ratings
D) The higher the bond rating, the lower the bond's YTM
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Auditing
Authors: Thomas D. Hubbard, J. R. Johnson, Steve Johnson, Joel D. Hubbard
6th Edition
0873932609, 9780873932608
