You are considering two different corporate bonds. One is rated AAA by Standard & Poors and pays
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You are considering two different corporate bonds. One is rated AAA by Standard & Poor’s and pays 4.5 percent annual interest. The other bond is rated B by Standard & Poor’s and pays 6.2 percent annual interest. What do these ratings mean? Which bond would you choose and why?
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The potential return on any investment should be directly related to ...View the full answer
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Related Book For 
Focus On Personal Finance
ISBN: 9780077861742
5th Edition
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
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