Question
The YTM on Albert Corporation's bonds just went from 8% to 10%. This is probably because: a. Albert Corporation's debt was just upgraded from BBB
The YTM on Albert Corporation's bonds just went from 8% to 10%. This is probably because:
a. Albert Corporation's debt was just upgraded from BBB to AAA.
b. The risk of Albert Corporation's debt has decreased.
c. Albert Corporation has become less likely to be able to repay its outstanding debt.
d. Albert Corporation has decided to call its outstanding callable bonds.
e. Both a and b are correct.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
