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Which of the following is most likely to occur immediately following the announcement that the rating on a corporate bond has been lowered to junk
Which of the following is most likely to occur immediately following the announcement that the rating on a corporate bond has been lowered to junk status
a). The yield to maturity on the bond will decline
b). The price of the bond will decline
c). The price of the bond will increase
d). More than one of the above
e). None of the above
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option B is correct Price of bond will decrease Expla...
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