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Lower-rated bonds offer higher returns than higher-grade bonds because their: 1 a. coupon interest rates steadily increase throughout their lives. O b. returns are attractive

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Lower-rated bonds offer higher returns than higher-grade bonds because their: 1 a. coupon interest rates steadily increase throughout their lives. O b. returns are attractive to risk-averse investors. O C. returns are tax free. d. maturity values are higher than their market values. e. risks are higher

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