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The Chief Executive Officer of Rush resigns suddenly from her company. Moodys,Fitch, and S&P all downgraded Rushs bond debt rating due to the CEOs departure.
The Chief Executive Officer of Rush resigns suddenly from her company. Moodys,Fitch, and S&P all downgraded Rushs bond debt rating due to the CEOs departure. What will happen to the yield-to-maturity (YTM) and interest payment on Rushs outstanding bonds, assuming they do not default?
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