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Suppose you purchase a bond and right after the purchase, the issuer (the firm) is downgraded. The YTM for that bond will most likely ____
Suppose you purchase a bond and right after the purchase, the issuer (the firm) is downgraded. The YTM for that bond will most likely ____
| A. | Increase | |
| B. | Decrease | |
| C. | Stay the same |
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th Edition
1260772381, 978-1260772388
