Which should have the higher risk premium on its interest rates, a corporate bond with a Moodys

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Which should have the higher risk premium on its interest rates, a corporate bond with a Moody’s BBB rating or a corporate bond with a C rating? Why?

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The Economics of Money Banking and Financial Markets

ISBN: 978-0321785701

5th Canadian edition

Authors: Frederic S. Mishkin, Apostolos Serletis

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