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Question 11 (1 point) Recently, the bonds of shale oil producer, Occidental Petroleum, were downgraded to junk bond status. This means that Occidental exhibits greater

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Question 11 (1 point) Recently, the bonds of shale oil producer, Occidental Petroleum, were downgraded to junk bond status. This means that Occidental exhibits greater default risk Occidental bonds lost all their value Occidental defaulted on their debt Occidental can no longer borrow in credit markets

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