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Consider a 10-year corporate bond issued by a BB-rated firm and a 10-year municipal bond issued by a BBB-rated municipality. Which would you expect to

Consider a 10-year corporate bond issued by a BB-rated firm and a 10-year municipal bond issued by a BBB-rated municipality. Which would you expect to have a higher yield-to-maturity?

		BB-rated corporate bond
		BBB-rated municipal bond

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