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which one of the following statements concerning bond ratings is correct ? a. the highest rating issued by Moody's is AAA b. investment grade bonds

which one of the following statements concerning bond ratings is correct ?

a. the highest rating issued by Moody's is AAA b. investment grade bonds are rated BB or higher by standard &poor's c. a "fallen angel " is a term applied to all junk bonds d. split rated bonds are called crossover bonds e. bond ratings assess both interest rate risk and default risk.

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