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If a company has cash earnings of $300 million per year, assets of $1.5 billion, and interest expense on debt of $10 million per year,
If a company has cash earnings of $300 million per year, assets of $1.5 billion, and interest expense on debt of $10 million per year, which of the following is most likely true about the credit ratings of their existing bonds?(my answer is highly rate is that right?)
Group of answer choices
These bonds are very highly rated
These bonds are barely investment grade
These bonds are probably in default
These bonds are ``high yield" bonds
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