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If the rating of a bond is downgraded from CCC to CC, what will happen to the price and required yield of the bond? A.
If the rating of a bond is downgraded from CCC to CC, what will happen to the price and required yield of the bond? A. The price and the yield will rise B. The price and the yield will fall C. The price will fall and the yield will rise D. The price will rise and the yield will fall E. The price will fall, but the yield won't change because it is still a junk bond What is the yield to maturity of a 15-year, $1,000 par bond with a 4.3% annual coupon trading at a price of $715? A. 7.87% B. 7.91% C. 6.87% D. 8.16% E. 7.54%
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