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Yesterday, bonds for Not So Risky Inc. were traded for $985.63, which were upgraded by S&P from BB to BBB today. If everything else
Yesterday, bonds for Not So Risky Inc. were traded for $985.63, which were upgraded by S&P from BB to BBB today. If everything else is constant from yesterday (expected inflation rate etc.), the bonds' price should be: higher than the call price. higher than $1,000. O higher than its par value. lower than $985.63. None of the above Yesterday, bonds for Not So Risky Inc. were traded for $985.63, which were upgraded by S&P from BB to BBB today. If everything else is constant from yesterday (expected inflation rate etc.), the bonds' price should be: higher than the call price. higher than $1,000. O higher than its par value. lower than $985.63. None of the above
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Money Banking and Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
4th edition
007802174X, 978-0078021749
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