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Which of the following statement is correct? A callable bond issuer is likely to call a bond, if the company can issue another otherwise-equal bond

Which of the following statement is correct?

A callable bond issuer is likely to call a bond, if the company can issue another otherwise-equal bond with lower coupon rate

Short-term bonds are more sensitive to fluctuations in interest rate

Bonds with higher default risk tend to have lower yield spread

A company with very high debt-to-equity ratio is more likely to issue an investment grade bond than junk bond

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