Question #2: Bonds and Risk Structure: 8%: Why might investors hold a combination of AAA grade bonds and below Baa grade bonds? Using a simple graph(s) illustrate the combined effect(s) of: [1] Increase in municipal taxes and [2] Decline in the supply of investment grade bonds in the debt market. Question #2: Bonds and Risk Structure: 8%: Why might investors hold a combination of AAA grade bonds and below Baa grade bonds? Using a simple graph(s) illustrate the combined effect(s) of: [1] Increase in municipal taxes and [2] Decline in the supply of investment grade bonds in the debt market