Explain the system of bond ratings used by Moodys and Standard & Poors. Why would it make

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Explain the system of bond ratings used by Moody’s and Standard & Poor’s. Why would it make sense to ever buy junk bonds?

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Personal Financial Planning

ISBN: 978-1111971632

13th edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

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Question Posted: Feb 13, 2015 09:38 AM

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Explain the system of bond ratings used by Moodys and Standard & Poors. Why would it make

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Moodys and Standard Poors each have their own system of rating bo...View the full answer

Personal Financial Planning

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