Question: A 4. The differences in rates on 20-year Treasury and corporate bonds with different ratings, all noncallable, are most probably caused by: A. Inflation differences.
A 4. The differences in rates on 20-year Treasury and corporate bonds with different ratings, all noncallable, are most probably caused by: A. Inflation differences. B. Tax effects. C. Maturity risk differences. D. Real risk-free rate differences. CC E. Liquidity risk differences
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