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Question 10 10 Points Bond rating agencies rate bonds based on characteristics of the borrower. These agencies are an example of a financial market response

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Question 10 10 Points Bond rating agencies rate bonds based on characteristics of the borrower. These agencies are an example of a financial market response designed to A increase information asymmetry. B) transfer risk from the buyer to the rating agency. C provide a lower cost solution to the high cost of information. decrease the real return to bondholders

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