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Which of the following statements is (are) accurate? 1. Bond ratings are typically paid for by investors interested in purchasing the bond in the primary

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Which of the following statements is (are) accurate? 1. Bond ratings are typically paid for by investors interested in purchasing the bond in the primary market. II. Bond ratings are based on non-public information provided by the company. III. Bond ratings represent an independent assessment of the credit-worthiness bonds. O I and Il only O I and Ill only O ll and Ill only O All are true Ill only

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