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You look at interest rates on 30-year Treasury and corporate bonds with different ratings in theWall Street Journal and see the following rates for noncallable

You look at interest rates on 30-year Treasury and corporate bonds with different ratings in theWall Street Journal and see the following rates for noncallable bonds:

T-bond = 4.65%A = 6.74%

AAA = 5.59%BBB = 7.88%

In one sentence, the differences in rates among these issues were most probably caused primarily

by ---?

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