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You have a bond currently rated as A by S&P and the company runs into some trouble and their bonds drop to BBB. What happens
You have a bond currently rated as A by S&P and the company runs into some trouble and their bonds drop to BBB. What happens to the price (quantitatively) and why is this?
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Financial Statement Analysis
Authors: Martin S. Fridson, Fernando Alvarez
5th Edition
1119457149, 978-1119457145
