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QUESTION 24 If you are primarily concerned with avoiding a default in your bond portfolio, which bond are you LEAST likely to purchase? 1.A12% coupon

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QUESTION 24 If you are primarily concerned with avoiding a default in your bond portfolio, which bond are you LEAST likely to purchase? 1.A12% coupon bond with 10 years to maturity and ratings of Caa2/CCC 2. A discount bond with 2 years to maturity and ratings of Aa2/AA 3. A 3% municipal bond with 15 years to maturity and ratings of Baa3/BBB- 4. A US Treasury security with 30 years to maturity and ratings of Aaa/AAA

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