Which should have the higher risk premium on its interest rates, a corporate bond with an S&P

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Which should have the higher risk premium on its interest rates, a corporate bond with an S&P BBB rating or a corporate bond with a C rating? Why?

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The Economics Of Money Banking And Financial Markets

ISBN: 9780321584717

4th Canadian Edition

Authors: Frederic S. Mishkin, Apostolos Serletis

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