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Which of the following bonds has the most default risk? A. a bond with a AAA rating from Standard & Poor's B. a bond with

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Which of the following bonds has the most default risk? A. a bond with a AAA rating from Standard \& Poor's B. a bond with a CCC rating from Standard \& Poor's C. a bond with a BB rating from Standard \& Poor's D. Standard \& Poor's ratings are unrelated to default risk. E. It is impossible to tell from the information given

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