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continued questions for QUESTION 1 c) Differentiate between the yield to maturity and the current yield. (9 MARKS) d) Bond rating agencies base their quality

continued questions for QUESTION 1

c) Differentiate between the yield to maturity and the current yield. (9 MARKS) d) Bond rating agencies base their quality ratings largely on an analysis of the level and trend of some of the issuer's financial ratios. Elaborate any THREE (3) factors used by rating companies to do the rating valuation. (6 MARKS)

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