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The riskiness of publicly traded bond issues is rated by independent agencies. According to Moody's rating system, an Aaa bond and a Caa bond are

The riskiness of publicly traded bond issues is rated by independent agencies. According to Moody's rating system, an Aaa bond and a Caa bond are ________ and ________ respectively.

A. prime quality; speculative

B. speculative; investment grade

C. prime quality; medium grade

D. medium grade; lowest grade

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