Question: Default risk is the risk that... a . . . . a bond issuer is unable to make a profit. b . . . .

Default risk is the risk that...
a.
...a bond issuer is unable to make a profit.
b.
...a bond issuer is unable to pay the face value at maturity.
c.
...a bond issuer is unable to pay the its phone bill.
d.
...a bond issuer is unable to make interest payments.
e.
......a bond issuer is unable to make a revenue.

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