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The largest employer in Los Nachos, California, has closed. The subsequent drop in revenue is threatening the city's ability to make its next interest payment
The largest employer in Los Nachos, California, has closed. The subsequent drop in revenue is threatening the city's ability to make its next interest payment on a bond. This is an example of what type of risk?
A) Seismic risk B) Business risk C) Default risk D) Systematic risk
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