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Which of the following statements is NOT true? a. Investments rated below BBB- are known as high quality bonds. b. Investment grade securities should include

Which of the following statements is NOT true? a. Investments rated below BBB- are known as high quality bonds. b. Investment grade securities should include those with a bond rating of AA. c. A fallen angel is a bond that at one time was an investment grade security, but whose bond ratings has subsequently dropped. d. Another colorful term for non-investment grade bonds is junk bonds.

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