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The required return is __________ for highly-rated (i.e. AAA) bonds and __________ for low-rated (junk) bonds. A) higher; lower B) lower; higher C) zero; default
The required return is __________ for highly-rated (i.e. AAA) bonds and __________ for low-rated ("junk") bonds. A) higher; lower B) lower; higher C) zero; default D) set by the Fed; set by the market
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Principles of Accounting
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
12th edition
978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985
