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You have a choice of buying a municipal bond with a rating of Aaa paying 4% interest or a corporate bond with a rating
You have a choice of buying a municipal bond with a rating of Aaa paying 4% interest or a corporate bond with a rating of Ba paying 8% interest. Be sure to explain how the bond ratings work. Which bond would be your choice? Explain why.
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Bond ratings are a measure of the creditworthiness of the issuer of the bond The ratings are assigned by credit rating agencies based on the issuers f...
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
