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Default risk is likely to be highest for a. T-bills. b. corporate debt with a credit rating of AA. c. long-term Treasury securities. d. investment

Default risk is likely to be highest for

a. T-bills.

b. corporate debt with a credit rating of AA.

c. long-term Treasury securities.

d. investment grade securities.

e. the debt of a firm with consistently negative cash flows, operating in a dying industry.

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