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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