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Why couldn't investors of a security, instead of the seller of the security, pay the credit rating agency for ratings? O Because investors are very
Why couldn't investors of a security, instead of the seller of the security, pay the credit rating agency for ratings? O Because investors are very cost-conscious. O Because credit rating agencies will have a conflict of interests. O Because the price of the security the seller lists includes the credit rating cost. O Because there will be a free-riding problem in that other investors will find out the rating without paying
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