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Yesterday, bonds for Risky Corp were traded for the yield-to-maturity of 6,44%, which were downgraded by S&P from BBB to BB today. If everything else

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Yesterday, bonds for Risky Corp were traded for the yield-to-maturity of 6,44%, which were downgraded by S&P from BBB to BB today. If everything else is constant from yesterday (expected inflation rate etc.), the bonds' YTM should be: lower than the coupon rate. lower than the current yield. higher than 6.44%. the same as yesterday None of the above

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