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Company X ( rated AA - ) , Company Y ( rated BB ) and Company Z ( rated BBB - ) , each issued
Company X rated AA Company Y rated BB and Company Z rated
BBB each issued a new bond on January st to fund a shareholder dividend. All three issued the maximum amount of bonds that the market could bear. Which of the following bonds was issued by X Y and Z respectively? Briefly provide two reasons supporting your answer
Bond Bond Bond
Maturity years years years
Coupon
Issue Price $ billion
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