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When the degree of uncertainty about the economy increases, the spread in the promised yield-to-maturity between high and low-rated bonds tends to (a) decrease. (b)

When the degree of uncertainty about the economy increases, the spread in the promised yield-to-maturity between high and low-rated bonds tends to (a) decrease. (b) increase or decrease depending on the coupon. (c) widen. (d) reverse the sign of the spread. (e) remain fixed.

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