Question: The required return is __________ for highly-rated (i.e. AAA) bonds and __________ for low-rated (junk) bonds. A) higher; lower B) lower; higher C) zero; default
The required return is __________ for highly-rated (i.e. AAA) bonds and __________ for low-rated ("junk") bonds. A) higher; lower B) lower; higher C) zero; default D) set by the Fed; set by the market
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