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Different risk classes of bonds (e.g., AAA, AA, A,.......) have different required rates of return. What is the primary reason for the difference in required

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Different risk classes of bonds (e.g., AAA, AA, A,.......) have different required rates of return. What is the primary reason for the difference in required rates of return among securities with the same maturities. Same maturities as in 10 year or 20 year securities for example. (Think of the components of interest rates)

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