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Two years ago, Lionel purchased a bond from the Barret Iron Ore company. Today, the company is experiencing some financial difficulty. This means: Question 22

Two years ago, Lionel purchased a bond from the Barret Iron Ore company. Today, the company is experiencing some financial difficulty. This means:

Question 22 options:

	the bond will have a low yield.
	the bond will have a low credit rating.
	the price of the bond will rise as the yield to maturity changes.
	the risk of default should decline as the bond's price falls.

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