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Celestila Moonn, a GLBAAF 301 student at UMB, made the following statements after finishing the week one readings. Statement 5: Bond ratings use a classification
Celestila Moonn, a GLBAAF 301 student at UMB, made the following statements after finishing the week one readings. Statement 5: Bond ratings use a classification system to give investors an idea of the amount of default rate risk associated with the bond issue. Statement 6: When the coupon rate on a bond is greater than the yield to maturity on the bond, the current market price is greater than the face value of the bond. Moon is incorrect with respect to: A. Statement 5 only B. Both statements 5 and 6 C. Statement 6 only
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