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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. medium grade; lowest grade C. prime quality; medium grade D. speculative; investment grade

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