Question: Can you please explain this question? 11)Bonds are sometimes 'split rated' because: a)The Rating Agencies do not always agree on risk ratings for a given

Can you please explain this question?

11)Bonds are sometimes 'split rated' because:

a)The Rating Agencies do not always agree on risk ratings for a given bond class

b)The issuing investment bank may not agree w the risk ratings an agency assigns.

c)Both A and B

d)None of the above.

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