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Which of the following statements regarding bonds is false? Speculative grade bonds have default risk whereas investment grade bonds do not. The default premium for

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Which of the following statements regarding bonds is false? Speculative grade bonds have default risk whereas investment grade bonds do not. The default premium for AAA-rated bonds is lower than the default premium for BBB-rated bonds. Credit risk means that a bond issuer may default on its bonds. Bond ratings assess the creditworthiness of the bond issuer

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