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Which of the following statements is CORRECT about corporate bond? O Default risk refer to the likelihood that a firm will walk away from the
Which of the following statements is CORRECT about corporate bond? O Default risk refer to the likelihood that a firm will walk away from the its bond obligations involuntarily. O The corporate bond with AAA rating has zero default risk. All else equal, the corporate bond with better credit rating has lower yield to maturity. O Corporate bonds have zero default risk and fixed coupon payments. The corporate bond credit risk is assessed by the credit rating agency
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