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Vincent has the choice of two bonds, one that pays 4% interest and one that pays 8% interest. Which of the following is most likely?
Vincent has the choice of two bonds, one that pays 4% interest and one that pays 8% interest. Which of the following is most likely? a. 8% bond has shorter term than the 4 bond b. 8% bond is a government bond and the 4 bond is a junk bond c. 8% bond is more risky than 4% bond d. None of the above
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