What is a bond rating, and how do ratings affect bonds' prices and yields? Who rates bonds,

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What is a bond rating, and how do ratings affect bonds' prices and yields? Who rates bonds, and what are some of the factors the rating agencies consider? Is it possible for a given company to have several different bonds outstanding that have different ratings? Explain.
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Intermediate Financial Management

ISBN: 978-1285850030

12th edition

Authors: Eugene F. Brigham, Phillip R. Daves

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