Question: The required return is _____ for highly-rated (i.e.AAA) bonds and _____ for low-rated (junk) bonds. Multiple choice -Higher; lower -lower; higher -zero; default -set by
The required return is _____ for highly-rated (i.e.AAA) bonds and _____ for low-rated ("junk") bonds.
Multiple choice
-Higher; lower
-lower; higher
-zero; default
-set by the fed; set by the market
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