Q$5.(8$ points$)$ Which of the following will most likely all increase a bondholde's required ROR?

Inflation Liquidity S&P Bond Rating

a$.$ Increases Decreases Moves A to AA

b$.$ Decreases Increases Moves BBB to BB

c$.$ Increases Increases Moves B to CCC

d$.$ Increases Increases Moves A to BBB

e$.$ Increases Decreases Decreases Increases Moves BBB to A