what is the answer

9. Consider four bonds (1, 2, 3, and 4). They have been rated by the rating agencies as follows: Bond 1: Ba; Bond 2: AA; Bond 3: BBB; Bond 4: Ca. Inich of the following statements are correct? 1. Bond I is safer than Bond 3 11. Bond 2 is riskier than Bond 3 III. Bond 3 is safer than Bond 4 IV. Bond 4 is riskier than Bond 1 I and III only b. II and III only e. III and IV only d. I, III, and IV only