Question: Why did the default risk dramatically increase during the 2007-2009 financial crisis? Group of answer choices A)Because the overall risk level decreased. B)Because of the

Why did the default risk dramatically increase during the 2007-2009 financial crisis?

Group of answer choices

A)Because the overall risk level decreased.

B)Because of the high level of defaults.

C)Because of the low level of defaults.

D)Because the risk-free rate decreased tremendously.

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