Question: If a debt issue is incorrectly rated 1 a bond investor may earn excessively high or low returns. 2 a bond investor will always earn

If a debt issue is incorrectly rated

1 a bond investor may earn excessively high or low returns.

2 a bond investor will always earn excessively low returns.

3 a bond investor will always earn excessively high returns.

4 a bond investor's return cannot be affected by the incorrect rating.

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