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Which of the following statements is true? (CSLO 4) A. Investment grade bonds are those rated single B and higher. B. Federal laws typically allow

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Which of the following statements is true? (CSLO 4) A. Investment grade bonds are those rated single B and higher. B. Federal laws typically allow insurance companies and pension funds to purchase non-investment grade bonds. C. Because investors are risk averse, they require a premium to purchase a security that exposes them to default risk. D. All else equal, the higher a bond's rating the higher the coupon rate

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