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There is a certain relationship between bond ratings and the required return on a bond. The required return is for AAA-rated bonds, and required returns
There is a certain relationship between bond ratings and the required return on a bond. The required return is for AAA-rated bonds, and required returns as the ratings get lower.
A. Highest, increase
B. Highest, Decrease
C. Lowest, Increase
D. Lowest, decrease
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