Question
Default risk is likely to be highest for: a. a 10-year US Treasury Bond purchased in the primary market. b. general obligation municipal bonds. c.
Default risk is likely to be highest for:
| a. | a 10-year US Treasury Bond purchased in the primary market. | |
| b. | general obligation municipal bonds. | |
| c. | a 30-year US Treasury Bond purchased in the secondary market. | |
| d. | high-yield bonds issued by a US corporation. |
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Fundamentals Of Corporate Finance
Authors: Richard A. Brealey, Marcus, Alan J, Myers, Stewart C.
2nd Edition
0070074860, 9780070074866
