Question: Everything else equal ______ bonds will require a higher promised ytm than ______ bonds. A) investment grade; speculative grade B) AAA rated; BAA rated C)

Everything else equal ______ bonds will require a higher promised ytm than ______ bonds.

A) investment grade; speculative grade

B) AAA rated; BAA rated

C) unsecured; secured

D) non-callable; callable

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