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Which of the following statements is NOT correct? Select one: a. Government bonds have lower yields than corporate bonds of similar characteristics. b. The higher
Which of the following statements is NOT correct?
Select one:
a. Government bonds have lower yields than corporate bonds of similar characteristics.
b. The higher is the probability of non-payment on a bond, the higher is its yield.
c. The greater is the default risk of a bond, the greater is its yield.
d. The better credit rating a bond gets, the higher is its yield.
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